Financial Advisors Network Inc. Boosts Stake in Boeing (BA)

Financial Advisors Network Inc. grew its position in Boeing (NYSE:BA) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,343 shares of the aircraft producer’s stock after purchasing an additional 169 shares during the quarter. Boeing comprises approximately 1.1% of Financial Advisors Network Inc.’s investment portfolio, making the stock its 17th biggest position. Financial Advisors Network Inc.’s holdings in Boeing were worth $1,576,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Lipe & Dalton acquired a new stake in Boeing during the third quarter worth approximately $100,000. Burt Wealth Advisors acquired a new stake in Boeing during the third quarter worth approximately $100,000. Stonehearth Capital Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $105,000. Solaris Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $111,000. Finally, Clear Perspective Advisors LLC grew its position in Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares in the last quarter. 70.84% of the stock is currently owned by institutional investors.

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A number of equities research analysts recently issued reports on the company. Canaccord Genuity increased their price target on Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Wells Fargo reissued a “market perform” rating and set a $365.00 price target (up previously from $330.00) on shares of Boeing in a research report on Thursday, February 1st. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $373.00 target price (up previously from $340.00) on shares of Boeing in a report on Friday, February 23rd. Finally, Royal Bank of Canada set a $363.00 target price on Boeing and gave the company a “neutral” rating in a report on Wednesday, January 31st. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Boeing has a consensus rating of “Buy” and a consensus target price of $365.55.

Shares of BA opened at $331.77 on Tuesday. Boeing has a 52 week low of $175.47 and a 52 week high of $371.60. The firm has a market capitalization of $193,778.08, a PE ratio of 27.56, a PEG ratio of 1.70 and a beta of 1.40. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating the Zacks’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. During the same period in the prior year, the company earned $2.47 EPS. Boeing’s revenue was up 8.9% compared to the same quarter last year. analysts expect that Boeing will post 14.05 EPS for the current year.

In related news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is owned by company insiders.

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Boeing Profile

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

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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