CreativeOne Wealth LLC Buys 1,092 Shares of The Boeing Company (NYSE:BA)

CreativeOne Wealth LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,003 shares of the aircraft producer’s stock after buying an additional 1,092 shares during the quarter. CreativeOne Wealth LLC’s holdings in Boeing were worth $1,240,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BA. Keynote Financial Services LLC raised its stake in shares of Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after acquiring an additional 57 shares in the last quarter. Chaney Capital Management Inc. raised its position in Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. grew its position in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after buying an additional 60 shares in the last quarter. Finally, Trek Financial LLC increased its stake in shares of Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock valued at $408,000 after buying an additional 60 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. UBS Group lifted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Melius upgraded Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $196.00.

Boeing Trading Up 0.8 %

NYSE:BA opened at $156.73 on Thursday. The company has a market capitalization of $117.56 billion, a P/E ratio of -8.56 and a beta of 1.24. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The firm has a fifty day simple moving average of $167.15 and a 200-day simple moving average of $163.91.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 in the prior year, the business earned ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

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.