WealthShield Partners LLC Grows Stock Position in The Boeing Company (NYSE:BA)

WealthShield Partners LLC boosted its stake in The Boeing Company (NYSE:BAFree Report) by 689.4% in the fourth quarter, Holdings Channel reports. The fund owned 8,518 shares of the aircraft producer’s stock after buying an additional 7,439 shares during the quarter. WealthShield Partners LLC’s holdings in Boeing were worth $2,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Bollard Group LLC grew its holdings in shares of Boeing by 10.6% during the 2nd quarter. Bollard Group LLC now owns 469 shares of the aircraft producer’s stock worth $99,000 after purchasing an additional 45 shares in the last quarter. Trust Co. of Vermont boosted its stake in Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its stake in Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after buying an additional 47 shares in the last quarter. Waverly Advisors LLC boosted its stake in Boeing by 0.6% in the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,527,000 after buying an additional 49 shares in the last quarter. Finally, WealthPlan Investment Management LLC boosted its stake in Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock traded down $3.30 during trading hours on Wednesday, hitting $184.74. The company’s stock had a trading volume of 5,560,324 shares, compared to its average volume of 10,160,941. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54. The stock has a 50 day moving average of $198.80 and a 200 day moving average of $209.32. The company has a market capitalization of $112.72 billion, a PE ratio of -51.06, a price-to-earnings-growth ratio of 47.58 and a beta of 1.52.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate 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. During the same quarter last year, the company earned ($1.75) earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post 1 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday. Barclays upped their price target on Boeing from $210.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. William Blair began coverage on Boeing in a research note on Tuesday, December 12th. They set an “outperform” rating on the stock. Finally, UBS Group cut their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $241.53.

View Our Latest Analysis on BA

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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