Strategic Wealth Investment Group LLC Buys 2,726 Shares of The Boeing Company (NYSE:BA)

Strategic Wealth Investment Group LLC raised its position in shares of The Boeing Company (NYSE:BA) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,650 shares of the aircraft producer’s stock after purchasing an additional 2,726 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in Boeing were worth $15,160,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the 3rd quarter valued at $30,000. Albion Financial Group UT lifted its position in shares of Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares during the period. Finally, Crews Bank & Trust bought a new position in Boeing during the fourth quarter worth $55,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $179.47 on Friday. The stock has a fifty day moving average price of $168.24 and a 200-day moving average price of $164.26. The firm has a market cap of $110.95 billion, a PE ratio of -13.91 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. As a group, equities analysts anticipate that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BA. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.