The Boeing Company (NYSE:BA) Shares Bought by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. boosted its stake in shares of The Boeing Company (NYSE:BA) by 45.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the aircraft producer’s stock after purchasing an additional 1,000 shares during the period. Ameliora Wealth Management Ltd.’s holdings in Boeing were worth $618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors lifted its position in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Jennison Associates LLC purchased a new position in Boeing in the fourth quarter valued at $960,397,000. Wellington Management Group LLP raised its position in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after buying an additional 1,617,151 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 target price on shares of Boeing in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Price Performance

BA traded down $0.46 during trading on Friday, reaching $182.05. 5,898,824 shares of the stock were exchanged, compared to its average volume of 8,556,982. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The company has a market capitalization of $111.76 billion, a price-to-earnings ratio of -51.28 and a beta of 1.55. The business’s 50 day moving average price is $178.50 and its two-hundred day moving average price is $198.77.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, analysts anticipate that The Boeing Company will post -1.67 EPS for the current year.

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.