Private Wealth Management Group LLC Has $140,000 Stake in The Boeing Company (NYSE:BA)

Private Wealth Management Group LLC grew its position in The Boeing Company (NYSE:BA) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 789 shares of the aircraft producer’s stock after purchasing an additional 205 shares during the period. Private Wealth Management Group LLC’s holdings in Boeing were worth $140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new position in Boeing during the 4th quarter worth $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter worth about $30,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a 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, the company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Performance

Shares of BA stock opened at $181.80 on Thursday. The business’s fifty day moving average is $170.47 and its 200 day moving average is $164.00. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $213.77. The company has a market capitalization of $112.39 billion, a PE ratio of -9.92 and a beta of 1.52.

Boeing (NYSE:BA) last issued its 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 in the prior year, the firm posted ($0.47) EPS. On average, sell-side analysts forecast that The Boeing Company will post -2.12 EPS 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.