Kingswood Wealth Advisors LLC Acquires 1,874 Shares of The Boeing Company (NYSE:BA)

Kingswood Wealth Advisors LLC raised its position in shares of The Boeing Company (NYSE:BA) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,948 shares of the aircraft producer’s stock after acquiring an additional 1,874 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Boeing were worth $3,885,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing during the third quarter valued at $30,000. Planning Capital Management Corp boosted its position in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. Finally, Albion Financial Group UT grew its stake 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 purchasing an additional 159 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.4 %

Shares of BA stock opened at $175.95 on Monday. The stock has a market cap of $108.77 billion, a P/E ratio of -13.64 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 stock has a 50 day moving average of $166.42 and a 200 day moving average of $164.42.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BA. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.11.

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.