Private Wealth Management Group LLC Raises Stock Holdings in The Boeing Company (NYSE:BA)

Private Wealth Management Group LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 789 shares of the aircraft producer’s stock after acquiring an additional 205 shares during the quarter. Private Wealth Management Group LLC’s holdings in Boeing were worth $140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth about $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the third quarter worth about $30,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing in the 4th quarter worth approximately $33,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BA. Wells Fargo & Company lifted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Citigroup dropped their price target on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Trading Up 3.2 %

Shares of NYSE:BA opened at $181.80 on Thursday. The company’s 50 day moving average is $170.47 and its 200 day moving average is $164.00. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77. The company has a market cap of $112.39 billion, a PE ratio of -9.92 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) earnings per share. Equities research analysts predict that The Boeing Company will post -2.12 earnings per share for the current fiscal year.

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.