WealthShield Partners LLC Buys 7,439 Shares of The Boeing Company (NYSE:BA)

WealthShield Partners LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 689.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,518 shares of the aircraft producer’s stock after acquiring an additional 7,439 shares during the quarter. WealthShield Partners LLC’s holdings in Boeing were worth $2,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CNB Bank increased its holdings in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. VisionPoint Advisory Group LLC bought a new stake in Boeing in the 2nd quarter worth about $32,000. True Wealth Design LLC bought a new stake in Boeing in the 4th quarter worth about $33,000. Park Place Capital Corp increased its holdings in Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after buying an additional 137 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Boeing in the 4th quarter worth about $41,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $270.00 price objective on shares of Boeing in a report on Monday, March 25th. TD Cowen dropped their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. The Goldman Sachs Group dropped their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Royal Bank of Canada dropped their target price on Boeing from $285.00 to $260.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $241.53.

Boeing Stock Down 1.8 %

BA traded down $3.30 during trading hours on Wednesday, reaching $184.74. 5,560,324 shares of the company’s stock traded hands, compared to its average volume of 10,160,941. The Boeing Company has a 52-week low of $176.25 and a 52-week high of $267.54. The firm has a market capitalization of $112.72 billion, a PE ratio of -51.06, a PEG ratio of 47.58 and a beta of 1.52. The firm has a 50-day moving average price of $198.80 and a 200 day moving average price of $209.32.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the prior year, the company posted ($1.75) earnings per share. Boeing’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that The Boeing Company will post 1 EPS for the current fiscal year.

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.