Premier Path Wealth Partners LLC Acquires 918 Shares of The Boeing Company (NYSE:BA)

Premier Path Wealth Partners LLC lifted its holdings in The Boeing Company (NYSE:BA) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,501 shares of the aircraft producer’s stock after buying an additional 918 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Boeing were worth $1,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BA. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter worth about $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing in the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the second quarter worth approximately $33,000. Planning Capital Management Corp raised its position in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Boeing in the 3rd quarter worth $58,000. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA opened at $171.14 on Friday. The company’s fifty day moving average price is $162.76 and its 200-day moving average price is $165.00. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The firm has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business earned ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Susquehanna reduced their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Jefferies Financial Group reduced their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.