The Boeing Company (NYSE:BA) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,692 shares of the aircraft producer’s stock after acquiring an additional 432 shares during the quarter. Perigon Wealth Management LLC’s holdings in Boeing were worth $1,299,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the third quarter valued at $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the third quarter worth about $30,000. Albion Financial Group UT increased its holdings in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the period. Finally, Planning Capital Management Corp lifted its position in Boeing by 741.0% in the 3rd 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 last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 3.3 %

NYSE BA opened at $179.47 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63. The company has a market cap of $110.95 billion, a PE ratio of -13.91 and a beta of 1.52. The stock’s 50-day moving average price is $168.24 and its two-hundred day moving average price is $164.26.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. Research analysts forecast that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BA. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company lifted their target price on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. UBS Group lifted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two equities 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.