MFA Wealth Advisors LLC Has $3.51 Million Stake in The Boeing Company (NYSE:BA)

MFA Wealth Advisors LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,840 shares of the aircraft producer’s stock after purchasing an additional 3,813 shares during the quarter. MFA Wealth Advisors LLC’s holdings in Boeing were worth $3,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the 4th quarter worth $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing in the third quarter worth about $30,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing during the 4th quarter valued at approximately $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley reduced their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Performance

Shares of NYSE BA opened at $181.51 on Monday. The company has a 50 day simple moving average of $172.22 and a two-hundred day simple moving average of $164.13. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.10. The company has a market capitalization of $136.14 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last released 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 last year, the company earned ($0.47) earnings per share. On average, analysts forecast 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.