The Boeing Company (NYSE:BA) Shares Bought by Executive Wealth Group LLC

Executive Wealth Group LLC raised its holdings in The Boeing Company (NYSE:BA) by 229.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 276,131 shares of the aircraft producer’s stock after purchasing an additional 192,190 shares during the quarter. Boeing accounts for 11.6% of Executive Wealth Group LLC’s holdings, making the stock its largest holding. Executive Wealth Group LLC’s holdings in Boeing were worth $55,795,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BA. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing in the fourth quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new position in Boeing during the fourth quarter worth $28,000. Vima LLC acquired a new position in Boeing in the 4th quarter valued at about $34,000. Finally, Accent Capital Management LLC purchased a new stake in Boeing in the 4th quarter worth approximately $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 0.1 %

Shares of Boeing stock traded up $0.26 on Friday, hitting $176.56. 8,635,096 shares of the company traded hands, compared to its average volume of 4,996,061. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The company has a 50-day moving average price of $177.52 and a 200 day moving average price of $200.64. The company has a market cap of $108.39 billion, a PE ratio of -49.74 and a beta of 1.55.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Equities research analysts anticipate that The Boeing Company will post -1.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BA. Robert W. Baird lowered their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Susquehanna reiterated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Argus lowered Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Citigroup decreased their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $220.89.

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.