Concurrent Investment Advisors LLC Has $4.01 Million Position in The Boeing Company (NYSE:BA)

Concurrent Investment Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,666 shares of the aircraft producer’s stock after purchasing an additional 2,000 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Boeing were worth $4,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at $28,000. Fiduciary Advisors Inc. bought a new position in Boeing during the 4th quarter worth $28,000. Finally, HighMark Wealth Management LLC lifted its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 2.9 %

NYSE BA opened at $180.77 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The business has a 50 day moving average price of $176.58 and a 200-day moving average price of $164.32. The company has a market cap of $135.59 billion, a price-to-earnings ratio of -9.87 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. On average, equities research analysts anticipate that The Boeing Company will post -2.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

About Boeing

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.