Ameliora Wealth Management Ltd. Has $618,000 Position in The Boeing Company (NYSE:BA)

Ameliora Wealth Management Ltd. raised its stake in shares of The Boeing Company (NYSE:BA) by 45.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,200 shares of the aircraft producer’s stock after purchasing an additional 1,000 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Boeing were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research firms have recently commented on BA. The Goldman Sachs Group decreased their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Sanford C. Bernstein lowered their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Barclays cut their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Finally, Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong 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 $220.89.

Boeing Trading Down 0.3 %

NYSE BA traded down $0.46 during trading on Friday, hitting $182.05. 5,898,824 shares of the company’s stock were exchanged, compared to its average volume of 8,556,982. The stock’s 50 day moving average price is $178.50 and its two-hundred day moving average price is $198.77. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The company has a market cap of $111.76 billion, a PE ratio of -51.28 and a beta of 1.55.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Boeing 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.