David Wealth Management LLC Takes Position in The Boeing Company (NYSE:BA)

David Wealth Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,205 shares of the aircraft producer’s stock, valued at approximately $213,000.

A number of other large investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC raised its position in shares of Boeing by 691.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after purchasing an additional 1,507 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Boeing in the 3rd quarter worth approximately $141,000. NBC Securities Inc. raised its position in Boeing by 11.7% during the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after buying an additional 592 shares during the last quarter. Edge Wealth Management LLC boosted its holdings in shares of Boeing by 11.5% in the 3rd quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock valued at $440,000 after acquiring an additional 298 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC increased its stake in shares of Boeing by 28.6% in the third quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 359 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Citigroup lifted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Trading Down 0.0 %

BA stock opened at $180.51 on Wednesday. The stock has a market cap of $135.39 billion, a P/E ratio of -9.85 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $209.80. The company’s 50 day moving average is $172.70 and its two-hundred day moving average is $163.99.

Boeing (NYSE:BA) last announced its 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 last year, the business posted ($0.47) EPS. On average, equities research analysts predict that The Boeing Company will post -2.3 earnings per share for the current year.

Boeing 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.