WFA Asset Management Corp Has $656,000 Stock Position in The Boeing Company (NYSE:BA)

WFA Asset Management Corp increased its stake in The Boeing Company (NYSE:BA) by 3,428.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,705 shares of the aircraft producer’s stock after purchasing an additional 3,600 shares during the period. Boeing makes up 0.4% of WFA Asset Management Corp’s holdings, making the stock its 24th biggest holding. WFA Asset Management Corp’s holdings in Boeing were worth $656,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BA. U.S. Capital Wealth Advisors LLC raised its position in shares of Boeing by 342.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 33,656 shares of the aircraft producer’s stock valued at $5,957,000 after buying an additional 26,055 shares in the last quarter. Nadler Financial Group Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at $265,000. Golden State Equity Partners increased its stake in shares of Boeing by 7,631.2% in the 4th quarter. Golden State Equity Partners now owns 5,953 shares of the aircraft producer’s stock valued at $1,054,000 after purchasing an additional 5,876 shares during the last quarter. Journey Strategic Wealth LLC raised its holdings in shares of Boeing by 36.9% during the 4th quarter. Journey Strategic Wealth LLC now owns 5,960 shares of the aircraft producer’s stock worth $1,055,000 after buying an additional 1,607 shares in the last quarter. Finally, Sylvest Advisors LLC bought a new stake in shares of Boeing during the 4th quarter worth $278,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.8 %

BA opened at $176.26 on Friday. The stock has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The company has a fifty day moving average of $169.50 and a 200-day moving average of $164.20.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -1.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Citigroup lowered their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.