Consolidated Planning Corp Purchases 693 Shares of The Boeing Company (NYSE:BA)

Consolidated Planning Corp raised its position in shares of The Boeing Company (NYSE:BA) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,882 shares of the aircraft producer’s stock after acquiring an additional 693 shares during the period. Boeing makes up approximately 1.4% of Consolidated Planning Corp’s investment portfolio, making the stock its 20th largest position. Consolidated Planning Corp’s holdings in Boeing were worth $7,268,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Intact Investment Management Inc. boosted its stake in shares of Boeing by 245.0% in the fourth quarter. Intact Investment Management Inc. now owns 3,450 shares of the aircraft producer’s stock valued at $899,000 after buying an additional 2,450 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Boeing by 18.3% in the fourth quarter. Russell Investments Group Ltd. now owns 80,590 shares of the aircraft producer’s stock valued at $21,005,000 after buying an additional 12,493 shares during the period. Brio Consultants LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $207,000. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $363,000. Finally, Terril Brothers Inc. bought a new stake in shares of Boeing in the fourth quarter valued at approximately $216,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group cut their price target on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Sanford C. Bernstein lowered their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Citigroup lowered their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group lowered their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $222.41.

Boeing Stock Up 0.2 %

BA traded up $0.41 during trading on Friday, reaching $167.22. 7,208,103 shares of the stock traded hands, compared to its average volume of 7,379,195. The stock has a market capitalization of $102.65 billion, a PE ratio of -47.12, a P/E/G ratio of 140.08 and a beta of 1.52. The stock’s 50-day moving average is $186.53 and its 200 day moving average is $206.46. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company earned ($1.75) EPS. As a group, equities research analysts anticipate that The Boeing Company will post 0.3 EPS for the current year.

Boeing 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.