Diversify Wealth Management LLC Has $1.19 Million Position in The Boeing Company (NYSE:BA)

Diversify Wealth Management LLC increased its position in shares of The Boeing Company (NYSE:BA) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,939 shares of the aircraft producer’s stock after buying an additional 1,050 shares during the quarter. Diversify Wealth Management LLC’s holdings in Boeing were worth $1,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. AdvisorNet Financial Inc grew its holdings in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after buying an additional 38,300 shares in the last quarter. Carnegie Investment Counsel increased its holdings in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 2,943 shares during the period. Principal Financial Group Inc. raised its stake 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 valued at $101,296,000 after buying an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings 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 worth $1,018,775,000 after acquiring an additional 602,143 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 1.3 %

Shares of NYSE:BA opened at $171.14 on Tuesday. The stock has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The business has a 50-day moving average price of $163.15 and a two-hundred day moving average price of $164.61.

Boeing (NYSE:BA) last announced 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 analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned ($3.26) EPS. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -16.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BA shares. Wells Fargo & Company lowered their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. UBS Group dropped their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

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.