Weaver Consulting Group Raises Stake in The Boeing Company (NYSE:BA)

Weaver Consulting Group lifted its position in The Boeing Company (NYSE:BA) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,676 shares of the aircraft producer’s stock after purchasing an additional 259 shares during the period. Weaver Consulting Group’s holdings in Boeing were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norway Savings Bank boosted its stake in Boeing by 16.8% in the 1st quarter. Norway Savings Bank now owns 7,581 shares of the aircraft producer’s stock worth $1,463,000 after purchasing an additional 1,090 shares during the period. Sawyer & Company Inc purchased a new position in Boeing during the first quarter valued at $82,000. Ameliora Wealth Management Ltd. increased its holdings in Boeing by 45.5% in the 1st quarter. Ameliora Wealth Management Ltd. now owns 3,200 shares of the aircraft producer’s stock valued at $618,000 after acquiring an additional 1,000 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in Boeing by 66.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 772 shares of the aircraft producer’s stock worth $149,000 after purchasing an additional 309 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of Boeing by 8.4% during the 1st quarter. Atlantic Union Bankshares Corp now owns 1,163 shares of the aircraft producer’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday. Sanford C. Bernstein lowered their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Royal Bank of Canada reduced their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Morgan Stanley lowered their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Finally, TD Cowen decreased their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

Boeing Stock Down 0.3 %

NYSE:BA traded down $0.50 during mid-day trading on Friday, reaching $182.01. The company’s stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The stock has a fifty day moving average of $178.50 and a 200-day moving average of $198.77. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. As a group, research analysts anticipate that The Boeing Company will post -1.67 EPS for the current fiscal 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.