The Boeing Company (NYSE:BA) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,860 shares of the aircraft producer’s stock after acquiring an additional 375 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Boeing were worth $506,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BA. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing during the third quarter worth approximately $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter worth $33,000. Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in Boeing during the 3rd quarter worth $58,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the topic of several research reports. Citigroup cut their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. UBS Group dropped their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Price Performance

BA stock opened at $168.91 on Friday. The firm has a fifty day moving average price of $162.40 and a two-hundred day moving average price of $164.98. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The firm has a market cap of $104.42 billion, a price-to-earnings ratio of -13.09 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the business posted ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts expect that The Boeing Company will post -16.43 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.