HB Wealth Management LLC Raises Stock Holdings in The Boeing Company (NYSE:BA)

HB Wealth Management LLC grew its stake in The Boeing Company (NYSE:BA) by 39.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,507 shares of the aircraft producer’s stock after acquiring an additional 3,799 shares during the quarter. HB Wealth Management LLC’s holdings in Boeing were worth $2,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Westend Capital Management LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $17,567,000. Premier Path Wealth Partners LLC lifted its position in shares of Boeing by 9.6% in the fourth quarter. Premier Path Wealth Partners LLC now owns 10,501 shares of the aircraft producer’s stock valued at $1,859,000 after acquiring an additional 918 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Boeing by 19.5% in the fourth quarter. Arkadios Wealth Advisors now owns 17,212 shares of the aircraft producer’s stock valued at $3,047,000 after acquiring an additional 2,804 shares in the last quarter. Lake Street Private Wealth LLC purchased a new position in Boeing during the fourth quarter worth about $433,000. Finally, Brooklyn Investment Group lifted its position in Boeing by 95.3% during the fourth quarter. Brooklyn Investment Group now owns 4,064 shares of the aircraft producer’s stock worth $719,000 after buying an additional 1,983 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 1.3 %

Shares of NYSE BA opened at $171.14 on Monday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The business has a 50 day moving average price of $163.15 and a two-hundred day moving average price of $164.75. The firm has a market cap of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 analysts’ expectations of $17.81 billion. During the same period in the previous year, the business posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts anticipate that The Boeing Company will post -16.43 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on BA. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Citigroup cut their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.