Wallace Advisory Group LLC Has $473,000 Stock Position in The Boeing Company (NYSE:BA)

Wallace Advisory Group LLC boosted its holdings in The Boeing Company (NYSE:BA) by 105.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,673 shares of the aircraft producer’s stock after buying an additional 1,371 shares during the quarter. Wallace Advisory Group LLC’s holdings in Boeing were worth $473,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BA. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the third quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the second quarter worth about $33,000. Planning Capital Management Corp raised its position in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Boeing during the third quarter worth about $58,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Finally, Citigroup lowered their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Performance

NYSE:BA opened at $170.56 on Tuesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The firm has a market cap of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The business’s fifty day moving average is $161.70 and its 200 day moving average is $165.07.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($3.26) EPS. Equities analysts predict that The Boeing Company will post -16.18 EPS for the current fiscal year.

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.