One Wealth Capital Management LLC Invests $270,000 in The Boeing Company (NYSE:BA)

One Wealth Capital Management LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,527 shares of the aircraft producer’s stock, valued at approximately $270,000.

A number of other hedge funds also recently added to or reduced their stakes in BA. Diversified Trust Co increased its position in Boeing by 109.1% during the 4th quarter. Diversified Trust Co now owns 5,097 shares of the aircraft producer’s stock valued at $902,000 after purchasing an additional 2,659 shares during the period. Bangor Savings Bank boosted its stake in shares of Boeing by 1,159.3% during the fourth quarter. Bangor Savings Bank now owns 5,478 shares of the aircraft producer’s stock valued at $970,000 after purchasing an additional 5,043 shares in the last quarter. Doliver Advisors LP increased its holdings in Boeing by 62.9% during the fourth quarter. Doliver Advisors LP now owns 5,397 shares of the aircraft producer’s stock valued at $955,000 after buying an additional 2,083 shares during the period. CWA Asset Management Group LLC raised its stake in Boeing by 37.1% in the fourth quarter. CWA Asset Management Group LLC now owns 3,009 shares of the aircraft producer’s stock worth $533,000 after buying an additional 815 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Boeing by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 5,135 shares of the aircraft producer’s stock worth $909,000 after buying an additional 1,066 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BA shares. Morgan Stanley reduced their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Citigroup cut their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

Boeing stock traded up $1.14 during midday trading on Tuesday, hitting $171.92. 6,050,278 shares of the company were exchanged, compared to its average volume of 9,921,843. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $233.85. The firm has a market capitalization of $106.28 billion, a PE ratio of -13.33 and a beta of 1.52. The business has a fifty day simple moving average of $159.83 and a two-hundred day simple moving average of $165.30.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) earnings per share. As a group, equities analysts expect that The Boeing Company will post -16.18 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.