The Boeing Company (NYSE:BA) Shares Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC raised its holdings in The Boeing Company (NYSE:BA) by 2.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,157 shares of the aircraft producer’s stock after acquiring an additional 400 shares during the period. Boeing comprises 2.0% of Old North State Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Old North State Wealth Management LLC’s holdings in Boeing were worth $3,568,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BA. Sterneck Capital Management LLC lifted its stake in Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares during the last quarter. Peoples Financial Services CORP. lifted its position in shares of Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after acquiring an additional 67 shares during the last quarter. GSG Advisors LLC lifted its position in shares of Boeing by 4.7% during the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares during the last quarter. Bay Rivers Group boosted its stake in shares of Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after acquiring an additional 70 shares in the last quarter. Finally, Altus Wealth Group LLC grew its holdings in shares of Boeing by 5.7% in the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Citigroup decreased their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Performance

Shares of BA stock opened at $176.40 on Wednesday. The company has a market capitalization of $109.05 billion, a price-to-earnings ratio of -9.63 and a beta of 1.52. The stock’s 50 day simple moving average is $169.95 and its 200 day simple moving average is $164.02. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77.

Boeing (NYSE:BA) last issued 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 last year, the business posted ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.12 EPS for the current fiscal year.

Boeing Company 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.