Wealth Alliance Boosts Stock Holdings in The Boeing Company (NYSE:BA)

Wealth Alliance grew its stake in shares of The Boeing Company (NYSE:BAFree Report) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,841 shares of the aircraft producer’s stock after acquiring an additional 197 shares during the period. Wealth Alliance’s holdings in Boeing were worth $353,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. CNB Bank boosted its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. Coston McIsaac & Partners boosted its holdings in shares of Boeing by 62.5% in the 2nd quarter. Coston McIsaac & Partners now owns 130 shares of the aircraft producer’s stock valued at $27,000 after buying an additional 50 shares during the period. IFS Advisors LLC boosted its stake in Boeing by 523.8% during the 2nd quarter. IFS Advisors LLC now owns 131 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 110 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in Boeing by 54.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 142 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Finally, VisionPoint Advisory Group LLC acquired a new position in Boeing during the 2nd quarter valued at about $32,000. 61.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BA. Northcoast Research raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $217.00 target price for the company in a research note on Tuesday, October 31st. Morgan Stanley reduced their target price on shares of Boeing from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. UBS Group boosted their target price on shares of Boeing from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, Susquehanna dropped their price target on shares of Boeing from $306.00 to $279.00 and set a “positive” rating on the stock in a research report on Thursday, January 18th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.63.

Read Our Latest Research Report on BA

Boeing Trading Down 0.0 %

NYSE BA opened at $209.20 on Monday. The company’s 50 day simple moving average is $232.38 and its 200 day simple moving average is $217.35. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.75) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post 2.76 EPS for the current fiscal year.

Boeing Company Profile

(Free Report)

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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