Diversify Wealth Management LLC Has $1.19 Million Stock Holdings in The Boeing Company (NYSE:BA)

Diversify Wealth Management LLC raised its position in The Boeing Company (NYSE:BA) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,939 shares of the aircraft producer’s stock after purchasing an additional 1,050 shares during the period. Diversify Wealth Management LLC’s holdings in Boeing were worth $1,194,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Annex Advisory Services LLC acquired a new position in shares of Boeing in the 4th quarter valued at $205,000. Client 1ST Advisory Group LLC acquired a new position in Boeing in the fourth quarter valued at about $215,000. Grove Bank & Trust increased its holdings in shares of Boeing by 37.6% in the fourth quarter. Grove Bank & Trust now owns 666 shares of the aircraft producer’s stock worth $118,000 after acquiring an additional 182 shares in the last quarter. Ballast Inc. raised its position in shares of Boeing by 15.7% during the fourth quarter. Ballast Inc. now owns 7,993 shares of the aircraft producer’s stock worth $1,415,000 after purchasing an additional 1,083 shares during the period. Finally, Maiden Cove Capital LLC lifted its holdings in shares of Boeing by 6.3% during the 4th quarter. Maiden Cove Capital LLC now owns 1,243 shares of the aircraft producer’s stock valued at $220,000 after purchasing an additional 74 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BA. The Goldman Sachs Group dropped their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. TD Cowen lowered 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. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Citigroup decreased their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have given 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Up 1.3 %

NYSE:BA opened at $171.14 on Tuesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The stock’s 50 day moving average price is $163.15 and its two-hundred day moving average price is $164.61. The firm has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company earned ($3.26) earnings per share. Boeing’s revenue was down 1.5% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -16.43 EPS for the current 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.