The Boeing Company (NYSE:BA) Position Increased by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its position in The Boeing Company (NYSE:BA) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,162 shares of the aircraft producer’s stock after acquiring an additional 2,884 shares during the period. Apollon Wealth Management LLC’s holdings in Boeing were worth $5,777,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BA. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing during the fourth quarter worth $28,000. Evolution Advisers Inc. acquired a new stake in shares of Boeing in the fourth quarter worth $28,000. CNB Bank increased its holdings in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the period. Naples Money Management LLC bought a new position in Boeing during the fourth quarter valued at about $44,000. Finally, M&R Capital Management Inc. raised its stake in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA traded down $1.41 during midday trading on Monday, reaching $178.38. The company’s stock had a trading volume of 11,895,055 shares, compared to its average volume of 9,657,226. The company has a market cap of $109.50 billion, a P/E ratio of -50.25 and a beta of 1.54. The business’s 50 day moving average price is $183.29 and its two-hundred day moving average price is $206.17. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. TD Cowen cut their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. UBS Group dropped their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Morgan Stanley cut their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company reduced their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Two analysts have 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 MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.