Newbridge Financial Services Group Inc. Invests $581,000 in The Boeing Company (NYSE:BA)

Newbridge Financial Services Group Inc. purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,284 shares of the aircraft producer’s stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the fourth quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing during the fourth quarter worth $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

Shares of BA stock opened at $181.51 on Friday. The business’s 50 day moving average price is $172.22 and its 200-day moving average price is $164.29. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.10.

Boeing (NYSE:BA) last posted 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 previous year, the firm earned ($0.47) EPS. On average, equities research analysts expect that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Finally, Citigroup decreased their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.