Centric Wealth Management Buys 4,891 Shares of The Boeing Company (NYSE:BA)

Centric Wealth Management increased its stake in shares of The Boeing Company (NYSE:BA) by 361.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,243 shares of the aircraft producer’s stock after acquiring an additional 4,891 shares during the period. Centric Wealth Management’s holdings in Boeing were worth $919,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the 2nd quarter worth approximately $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on BA. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing Price Performance

BA stock opened at $152.40 on Friday. The stock has a market capitalization of $94.21 billion, a PE ratio of -11.81 and a beta of 1.57. The company’s 50-day moving average is $151.44 and its 200-day moving average is $167.67. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued 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 firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($3.26) earnings per share. On average, analysts anticipate that The Boeing Company will post -16.2 earnings per share 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.