Accurate Wealth Management LLC Purchases Shares of 1,357 The Boeing Company (NYSE:BA)

Accurate Wealth Management LLC bought a new stake in The Boeing Company (NYSE:BA – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,357 shares of the aircraft producer’s stock, valued at approximately $280,000.

A number of other institutional investors have also modified their holdings of BA. Vanguard Group Inc. lifted its position in Boeing by 1.5% during the third quarter. Vanguard Group Inc. now owns 45,200,241 shares of the aircraft producer’s stock valued at $5,472,845,000 after buying an additional 670,698 shares in the last quarter. Newport Trust Co lifted its position in shares of Boeing by 2.7% during the second quarter. Newport Trust Co now owns 44,678,806 shares of the aircraft producer’s stock worth $6,108,487,000 after purchasing an additional 1,168,565 shares in the last quarter. FMR LLC boosted its stake in shares of Boeing by 18.4% in the second quarter. FMR LLC now owns 17,901,503 shares of the aircraft producer’s stock valued at $2,447,494,000 after purchasing an additional 2,781,349 shares during the period. Northern Trust Corp lifted its holdings in Boeing by 2.5% in the 2nd quarter. Northern Trust Corp now owns 5,082,330 shares of the aircraft producer’s stock worth $694,855,000 after buying an additional 124,489 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Boeing by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,505,452 shares of the aircraft producer’s stock worth $615,985,000 after purchasing an additional 40,474 shares during the last quarter. Institutional investors and hedge funds own 57.07% of the company’s stock.

Boeing Trading Down 1.1 %

Shares of Boeing stock opened at $201.05 on Friday. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $221.33. The stock has a market cap of $120.47 billion, a PE ratio of -24.25, a price-to-earnings-growth ratio of 53.21 and a beta of 1.43. The company’s 50-day moving average price is $209.05 and its two-hundred day moving average price is $178.03.

Boeing (NYSE:BA – Get Rating) last released its earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.80). The company had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20.10 billion. During the same quarter in the prior year, the firm earned ($7.69) EPS. Boeing’s quarterly revenue was up 35.1% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BA. Robert W. Baird boosted their price target on Boeing from $210.00 to $250.00 in a report on Tuesday, January 3rd. Credit Suisse Group set a $200.00 target price on shares of Boeing in a report on Thursday, January 26th. Morgan Stanley lowered shares of Boeing from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $213.00 to $220.00 in a report on Tuesday, January 10th. Royal Bank of Canada set a $225.00 price objective on shares of Boeing in a research note on Tuesday, March 14th. Finally, Wells Fargo & Company lifted their target price on Boeing from $218.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, January 11th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $225.13.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.