Waldron Private Wealth LLC Buys 4,443 Shares of The Boeing Company (NYSE:BA)

Waldron Private Wealth LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 81.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,874 shares of the aircraft producer’s stock after buying an additional 4,443 shares during the quarter. Waldron Private Wealth LLC’s holdings in Boeing were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Czech National Bank grew its holdings in shares of Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its stake in Boeing by 22.5% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 18,954 shares of the aircraft producer’s stock worth $2,882,000 after acquiring an additional 3,476 shares in the last quarter. Apella Capital LLC increased its position in shares of Boeing by 1.2% during the third quarter. Apella Capital LLC now owns 7,928 shares of the aircraft producer’s stock worth $1,212,000 after acquiring an additional 97 shares during the period. MRA Advisory Group bought a new stake in shares of Boeing during the third quarter valued at approximately $240,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Boeing by 6.9% in the third quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock valued at $619,000 after purchasing an additional 264 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BA shares. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup dropped their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Down 1.8 %

Shares of BA stock opened at $176.26 on Friday. The business has a 50-day simple moving average of $168.96 and a 200-day simple moving average of $164.37. The stock has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) EPS. Sell-side analysts anticipate that The Boeing Company will post -1.61 earnings per share for the current fiscal 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.