Connecticut Wealth Management LLC Purchases 57 Shares of The Boeing Company (NYSE:BA)

Connecticut Wealth Management LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,834 shares of the aircraft producer’s stock after acquiring an additional 57 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Boeing were worth $739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Strategic Blueprint LLC increased its holdings in Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after buying an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Boeing by 41.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares during the last quarter. Orca Investment Management LLC grew its holdings in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the period. One Charles Private Wealth Services LLC acquired a new position in Boeing during the fourth quarter worth approximately $205,000. Finally, Morse Asset Management Inc raised its stake in Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of a number of recent analyst reports. Susquehanna decreased their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Royal Bank of Canada cut their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. The Goldman Sachs Group cut their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. decreased their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Price Performance

NYSE:BA traded up $0.94 during trading hours on Friday, hitting $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a fifty day simple moving average of $183.74 and a 200-day simple moving average of $206.20. The company has a market capitalization of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.75) earnings per share. On average, equities analysts predict that The Boeing Company will post -0.18 EPS for the current fiscal year.

Boeing Company 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.