Wealthcare Advisory Partners LLC Boosts Stock Position in The Boeing Company (NYSE:BA)

Wealthcare Advisory Partners LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,122 shares of the aircraft producer’s stock after purchasing an additional 700 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Boeing were worth $1,615,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in shares of Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after acquiring an additional 710 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after purchasing an additional 38,300 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares during the period. Jennison Associates LLC increased its position in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. Finally, World Investment Advisors LLC raised its holdings in Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 3,814 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BA shares. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Wells Fargo & Company cut their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Performance

Shares of Boeing stock opened at $171.14 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The company has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The company has a 50-day simple moving average of $163.15 and a two-hundred day simple moving average of $164.89.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm posted ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -16.43 earnings per share 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.