Strata Wealth Advisors LLC Buys Shares of 1,226 The Boeing Company (NYSE:BA)

Strata Wealth Advisors LLC purchased a new position in The Boeing Company (NYSE:BA) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,226 shares of the aircraft producer’s stock, valued at approximately $217,000.

A number of other large investors have also made changes to their positions in BA. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BA shares. Robert W. Baird dropped their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. UBS Group increased their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Finally, Susquehanna lifted their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Two equities 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Performance

NYSE:BA opened at $184.73 on Wednesday. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The business’s 50-day simple moving average is $175.92 and its 200 day simple moving average is $164.05. The stock has a market cap of $138.56 billion, a price-to-earnings ratio of -10.08 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) EPS. On average, equities research analysts predict that The Boeing Company will post -2.3 EPS for the current year.

Boeing 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.