Sandbox Financial Partners LLC Purchases 255 Shares of The Boeing Company (NYSE:BA)

Sandbox Financial Partners LLC grew its position in The Boeing Company (NYSE:BA) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,587 shares of the aircraft producer’s stock after buying an additional 255 shares during the quarter. Boeing comprises 0.7% of Sandbox Financial Partners LLC’s portfolio, making the stock its 23rd biggest position. Sandbox Financial Partners LLC’s holdings in Boeing were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Peak Financial Management Inc. boosted its position in Boeing by 50.5% in the 4th quarter. Peak Financial Management Inc. now owns 1,640 shares of the aircraft producer’s stock valued at $427,000 after buying an additional 550 shares during the last quarter. Strong Tower Advisory Services grew its position in shares of Boeing by 1.5% during the 4th quarter. Strong Tower Advisory Services now owns 22,638 shares of the aircraft producer’s stock worth $5,901,000 after buying an additional 341 shares during the period. Ritholtz Wealth Management raised its stake in shares of Boeing by 5.4% during the fourth quarter. Ritholtz Wealth Management now owns 7,007 shares of the aircraft producer’s stock worth $1,826,000 after buying an additional 360 shares during the last quarter. Parker Financial LLC bought a new position in Boeing in the fourth quarter valued at approximately $254,000. Finally, Accel Wealth Management grew its holdings in Boeing by 8.3% during the 4th quarter. Accel Wealth Management now owns 1,413 shares of the aircraft producer’s stock worth $368,000 after acquiring an additional 108 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.5 %

Shares of BA stock opened at $192.99 on Friday. The firm’s fifty day moving average price is $200.59 and its two-hundred day moving average price is $209.84. The Boeing Company has a 1 year low of $176.25 and a 1 year high of $267.54. The firm has a market capitalization of $117.75 billion, a P/E ratio of -52.44, a PEG ratio of 31.03 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the firm posted ($1.75) earnings per share. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post 1.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BA. Stifel Nicolaus reissued a “buy” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Tuesday. Royal Bank of Canada lowered their price target on Boeing from $285.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Bank of America lowered their price objective on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $241.53.

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.