B. Riley Wealth Advisors Inc. Boosts Stock Position in The Boeing Company (NYSE:BA)

B. Riley Wealth Advisors Inc. increased its position in The Boeing Company (NYSE:BA) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,092 shares of the aircraft producer’s stock after acquiring an additional 2,557 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Boeing were worth $7,877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benchmark Financial Wealth Advisors LLC lifted its stake in shares of Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after acquiring an additional 47 shares during the period. SouthState Corp boosted its stake in shares of Boeing by 2.7% in the 4th quarter. SouthState Corp now owns 1,891 shares of the aircraft producer’s stock valued at $493,000 after purchasing an additional 50 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in Boeing by 2.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock worth $661,000 after buying an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Boeing by 1.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after acquiring an additional 50 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its position in shares of Boeing by 1.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 3,077 shares of the aircraft producer’s stock worth $802,000 after acquiring an additional 52 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock traded up $3.74 during mid-day trading on Wednesday, reaching $190.60. 15,370,687 shares of the company’s stock were exchanged, compared to its average volume of 8,154,524. The company has a fifty day moving average of $181.76 and a 200-day moving average of $187.75. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Argus cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. reduced their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $220.89.

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.