DeDora Capital Inc. Buys New Holdings in The Boeing Company (NYSE:BA)

DeDora Capital Inc. bought a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,286 shares of the aircraft producer’s stock, valued at approximately $228,000.

Several other hedge funds have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the fourth quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the third quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on BA. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. UBS Group raised their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

NYSE:BA opened at $184.52 on Friday. The firm’s fifty day moving average price is $174.35 and its 200 day moving average price is $164.25. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The firm has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. As a group, analysts expect that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.