Weaver Consulting Group Increases Holdings in The Boeing Company (NYSE:BA)

Weaver Consulting Group lifted its position in The Boeing Company (NYSE:BA) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,874 shares of the aircraft producer’s stock after buying an additional 363 shares during the period. Weaver Consulting Group’s holdings in Boeing were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing in the 3rd quarter worth $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the 2nd quarter worth $33,000. Strategic Financial Concepts LLC purchased a new position in Boeing during the second quarter valued at $41,000. Finally, Planning Capital Management Corp grew its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BA shares. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Wells Fargo & Company decreased their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Susquehanna dropped their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Citigroup reduced their price objective 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. Finally, The Goldman Sachs Group lowered their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Performance

NYSE:BA opened at $172.63 on Wednesday. The stock’s fifty day moving average is $160.22 and its 200 day moving average is $165.27. The firm has a market capitalization of $106.72 billion, a PE ratio of -13.38 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $233.85.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate 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. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned ($3.26) EPS. Equities analysts forecast that The Boeing Company will post -16.18 EPS for the current 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.