Private Wealth Partners LLC Raises Holdings in The Boeing Company (NYSE:BA)

Private Wealth Partners LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 5.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,760 shares of the aircraft producer’s stock after acquiring an additional 200 shares during the period. Private Wealth Partners LLC’s holdings in Boeing were worth $666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in shares of Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $186.20 on Thursday. The firm has a market capitalization of $139.66 billion, a P/E ratio of -10.16 and a beta of 1.52. The stock has a 50-day simple moving average of $176.32 and a two-hundred day simple moving average of $164.20. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. As a group, analysts forecast that The Boeing Company will post -2.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.