M Holdings Securities Inc. Boosts Stock Holdings in The Boeing Company (NYSE:BA)

M Holdings Securities Inc. boosted its stake in shares of The Boeing Company (NYSE:BA – Get Rating) by 7.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,499 shares of the aircraft producer’s stock after acquiring an additional 293 shares during the period. M Holdings Securities Inc.’s holdings in Boeing were worth $545,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BA. CarsonAllaria Wealth Management Ltd. grew its stake in shares of Boeing by 88.7% in the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock worth $32,000 after buying an additional 125 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Boeing in the 3rd quarter worth $33,000. Selway Asset Management purchased a new position in shares of Boeing during the 3rd quarter worth about $36,000. Ten Capital Wealth Advisors LLC boosted its stake in shares of Boeing by 200.9% during the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 325 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 217 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of Boeing by 61.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 328 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 125 shares during the period. 57.07% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

NYSE:BA opened at $198.21 on Thursday. The Boeing Company has a one year low of $113.02 and a one year high of $221.33. The firm has a market cap of $118.76 billion, a P/E ratio of -23.91, a P/E/G ratio of 54.52 and a beta of 1.43. The firm has a 50-day simple moving average of $209.33 and a 200-day simple moving average of $177.49.

Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.80). The company had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20.10 billion. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($7.69) EPS. On average, research analysts predict that The Boeing Company will post 0.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BA shares. JPMorgan Chase & Co. set a $225.00 price target on shares of Boeing in a research note on Friday, February 24th. Bank of America lifted their price target on shares of Boeing from $165.00 to $190.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 7th. The Goldman Sachs Group set a $261.00 price objective on shares of Boeing in a report on Wednesday, February 15th. Wells Fargo & Company lifted their price objective on shares of Boeing from $218.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. Finally, StockNews.com assumed coverage on shares of Boeing in a report on Thursday. They set a “hold” rating for the company. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $225.13.

About Boeing

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.