Strategic Wealth Investment Group LLC Grows Position in The Boeing Company (NYSE:BA)

Strategic Wealth Investment Group LLC raised its holdings in The Boeing Company (NYSE:BA) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 85,650 shares of the aircraft producer’s stock after acquiring an additional 2,726 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Boeing were worth $15,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Calton & Associates Inc. raised its stake in shares of Boeing by 278.4% during the 4th quarter. Calton & Associates Inc. now owns 6,713 shares of the aircraft producer’s stock valued at $1,188,000 after purchasing an additional 4,939 shares during the period. Crews Bank & Trust bought a new position in Boeing in the 4th quarter worth about $55,000. Capital Investment Advisory Services LLC grew its holdings in Boeing by 6.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,971 shares of the aircraft producer’s stock valued at $703,000 after buying an additional 245 shares in the last quarter. Westhampton Capital LLC increased its position in shares of Boeing by 12.3% during the fourth quarter. Westhampton Capital LLC now owns 7,074 shares of the aircraft producer’s stock valued at $1,252,000 after buying an additional 775 shares during the period. Finally, Highland Capital Management LLC lifted its holdings in shares of Boeing by 142.3% in the fourth quarter. Highland Capital Management LLC now owns 50,711 shares of the aircraft producer’s stock worth $8,976,000 after buying an additional 29,778 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 3.3 %

Shares of NYSE:BA opened at $179.47 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The stock’s 50-day moving average price is $168.24 and its 200-day moving average price is $164.26. The stock has a market capitalization of $110.95 billion, a P/E ratio of -13.91 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) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) earnings per share. As a group, research analysts predict that The Boeing Company will post -16.39 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on BA shares. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Morgan Stanley dropped 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.