Cherry Creek Investment Advisors Inc. Buys Shares of 8,675 The Boeing Company (NYSE:BA)

Cherry Creek Investment Advisors Inc. acquired a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,675 shares of the aircraft producer’s stock, valued at approximately $1,536,000. Boeing makes up about 0.8% of Cherry Creek Investment Advisors Inc.’s holdings, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth $30,000. Albion Financial Group UT lifted its stake in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares during the last quarter. Finally, Planning Capital Management Corp boosted its holdings in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $175.09 on Tuesday. The company’s 50-day moving average is $166.42 and its 200-day moving average is $164.29. The stock has a market capitalization of $108.24 billion, a PE ratio of -13.57 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BA. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Citigroup cut their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wells Fargo & Company decreased their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $192.11.

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.