The Boeing Company (NYSE:BA) Shares Purchased by CarsonAllaria Wealth Management Ltd.

CarsonAllaria Wealth Management Ltd. raised its stake in The Boeing Company (NYSE:BA) by 176.2% during the 4th quarter, HoldingsChannel reports. The firm owned 892 shares of the aircraft producer’s stock after acquiring an additional 569 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Boeing were worth $158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BA. Sterneck Capital Management LLC boosted its holdings in shares of Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after buying an additional 66 shares during the period. Peoples Financial Services CORP. boosted its stake in Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 67 shares during the period. GSG Advisors LLC boosted its stake in Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after purchasing an additional 67 shares during the period. Bay Rivers Group grew its position in Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after purchasing an additional 70 shares in the last quarter. Finally, Altus Wealth Group LLC raised its stake in Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Morgan Stanley dropped their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Robert W. Baird dropped their price objective 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. Finally, UBS Group lifted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Price Performance

Shares of BA opened at $176.40 on Wednesday. The company has a market capitalization of $109.05 billion, a PE ratio of -9.63 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $213.77. The company’s fifty day moving average price is $169.95 and its 200 day moving average price is $164.02.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. Analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current year.

About Boeing

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.