The Boeing Company (NYSE:BA) Position Increased by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in The Boeing Company (NYSE:BA) by 39.1% during the 4th quarter, HoldingsChannel reports. The firm owned 13,507 shares of the aircraft producer’s stock after acquiring an additional 3,799 shares during the period. HB Wealth Management LLC’s holdings in Boeing were worth $2,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in Boeing during the 3rd quarter valued at $30,000. Fairscale Capital LLC bought a new stake in Boeing during the 2nd quarter valued at $59,000. Planning Capital Management Corp raised its stake in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Godsey & Gibb Inc. raised its stake in Boeing by 107.7% during the 4th quarter. Godsey & Gibb Inc. now owns 351 shares of the aircraft producer’s stock valued at $62,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $171.14 on Monday. The business has a 50-day moving average of $163.15 and a two-hundred day moving average of $164.75. The stock has a market capitalization of $105.80 billion, a P/E ratio of -13.27 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 $217.59.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS 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 analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm earned ($3.26) EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.