Onyx Bridge Wealth Group LLC Buys 170 Shares of The Boeing Company (NYSE:BA)

Onyx Bridge Wealth Group LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 7.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,516 shares of the aircraft producer’s stock after acquiring an additional 170 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Boeing were worth $656,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CNB Bank boosted its position in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Naples Money Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at $44,000. True Wealth Design LLC purchased a new position in shares of Boeing during the 4th quarter valued at $33,000. M&R Capital Management Inc. lifted its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new position in shares of Boeing during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA traded down $0.41 during trading on Friday, reaching $169.82. The company’s stock had a trading volume of 4,693,869 shares, compared to its average volume of 6,936,782. The stock has a market capitalization of $103.61 billion, a PE ratio of -46.15, a P/E/G ratio of 134.80 and a beta of 1.52. The firm has a fifty day moving average of $190.29 and a 200 day moving average of $207.16. The Boeing Company has a one year low of $167.53 and a one year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted ($1.75) earnings per share. Research analysts expect that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Citigroup dropped their price target on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. JPMorgan Chase & Co. dropped their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Royal Bank of Canada dropped their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday. Sanford C. Bernstein dropped their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Finally, Melius reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

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.