WBH Advisory Inc. Increases Stake in The Boeing Company (NYSE:BA)

WBH Advisory Inc. grew its stake in The Boeing Company (NYSE:BA) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,246 shares of the aircraft producer’s stock after buying an additional 91 shares during the quarter. WBH Advisory Inc.’s holdings in Boeing were worth $398,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the fourth quarter worth approximately $28,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the third quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new stake in Boeing during the fourth quarter worth approximately $33,000. Finally, Keystone Financial Group Inc. purchased a new stake in Boeing during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BA shares. Wells Fargo & Company boosted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Finally, Susquehanna lifted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

Shares of BA stock opened at $184.52 on Tuesday. The business’s fifty day moving average price is $174.96 and its 200 day moving average price is $163.90. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The firm has a market capitalization of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -2.3 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.