Catalyst Financial Partners LLC Buys 75 Shares of The Boeing Company (NYSE:BA)

Catalyst Financial Partners LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,491 shares of the aircraft producer’s stock after purchasing an additional 75 shares during the period. Catalyst Financial Partners LLC’s holdings in Boeing were worth $389,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Boeing by 0.8% in the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after acquiring an additional 356,496 shares in the last quarter. Morgan Stanley grew its holdings in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after acquiring an additional 153,168 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $960,397,000. Finally, Invesco Ltd. grew its holdings in shares of Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after acquiring an additional 759,267 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of BA traded up $3.64 during mid-day trading on Wednesday, reaching $180.35. The company had a trading volume of 4,872,231 shares, compared to its average volume of 9,552,833. The firm has a 50-day moving average price of $182.80 and a 200 day moving average price of $206.14. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company has a market capitalization of $110.71 billion, a price-to-earnings ratio of -50.80 and a beta of 1.54.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Susquehanna reduced their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Wells Fargo & Company reduced their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Finally, Royal Bank of Canada reduced their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of “Hold” and an average target price of $222.41.

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.