Moss Adams Wealth Advisors LLC Buys 256 Shares of The Boeing Company (NYSE:BA)

Moss Adams Wealth Advisors LLC raised its position in shares of The Boeing Company (NYSE:BA) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,988 shares of the aircraft producer’s stock after acquiring an additional 256 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Boeing were worth $529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter worth about $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing in the second quarter worth about $33,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the third quarter valued at approximately $30,000. Fairscale Capital LLC bought a new position in shares of Boeing during the second quarter valued at approximately $59,000. Finally, Planning Capital Management Corp raised its holdings in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $171.14 on Friday. The firm has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The business’s 50-day moving average is $163.15 and its two-hundred day moving average is $164.89. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -16.43 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of several research analyst reports. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Robert W. Baird reduced their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Susquehanna dropped their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup decreased their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

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.