1,527 Shares in The Boeing Company (NYSE:BA) Acquired by One Wealth Capital Management LLC

One Wealth Capital Management LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,527 shares of the aircraft producer’s stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in the business. Diversified Trust Co increased its position in Boeing by 109.1% in the fourth quarter. Diversified Trust Co now owns 5,097 shares of the aircraft producer’s stock worth $902,000 after buying an additional 2,659 shares in the last quarter. Bangor Savings Bank increased its holdings in Boeing by 1,159.3% in the 4th quarter. Bangor Savings Bank now owns 5,478 shares of the aircraft producer’s stock worth $970,000 after acquiring an additional 5,043 shares in the last quarter. Doliver Advisors LP raised its stake in Boeing by 62.9% during the 4th quarter. Doliver Advisors LP now owns 5,397 shares of the aircraft producer’s stock worth $955,000 after acquiring an additional 2,083 shares during the period. CWA Asset Management Group LLC lifted its holdings in Boeing by 37.1% during the fourth quarter. CWA Asset Management Group LLC now owns 3,009 shares of the aircraft producer’s stock valued at $533,000 after purchasing an additional 815 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Boeing by 26.2% during the fourth quarter. GAMMA Investing LLC now owns 5,135 shares of the aircraft producer’s stock valued at $909,000 after purchasing an additional 1,066 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.7 %

Shares of BA stock traded up $1.14 on Tuesday, reaching $171.92. 6,050,278 shares of the company’s stock were exchanged, compared to its average volume of 9,921,843. The company’s fifty day simple moving average is $159.83 and its 200 day simple moving average is $165.30. The stock has a market capitalization of $106.28 billion, a PE ratio of -13.33 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $233.85.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the firm posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. The Goldman Sachs Group dropped their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.