Kingsview Wealth Management LLC Acquires 2,469 Shares of The Boeing Company (NYSE:BA)

Kingsview Wealth Management LLC raised its position in shares of The Boeing Company (NYSE:BA) by 11.7% during the fourth quarter, HoldingsChannel reports. The firm owned 23,656 shares of the aircraft producer’s stock after purchasing an additional 2,469 shares during the period. Kingsview Wealth Management LLC’s holdings in Boeing were worth $4,187,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its position in Boeing by 6.0% during the fourth quarter. Apollon Wealth Management LLC now owns 21,632 shares of the aircraft producer’s stock valued at $3,829,000 after purchasing an additional 1,216 shares in the last quarter. Apollon Financial LLC purchased a new stake in Boeing during the fourth quarter valued at about $206,000. Vest Financial LLC raised its position in Boeing by 50.1% during the fourth quarter. Vest Financial LLC now owns 6,498 shares of the aircraft producer’s stock valued at $1,150,000 after purchasing an additional 2,169 shares in the last quarter. Capital Management Associates Inc purchased a new stake in Boeing during the fourth quarter valued at about $264,000. Finally, Appleton Partners Inc. MA raised its position in Boeing by 11.7% during the fourth quarter. Appleton Partners Inc. MA now owns 1,848 shares of the aircraft producer’s stock valued at $327,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $181.51 on Friday. The stock’s 50 day simple moving average is $172.22 and its two-hundred day simple moving average is $164.29. The stock has a market cap of $136.14 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.10.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. On average, analysts predict that The Boeing Company will post -2.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Morgan Stanley decreased their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given 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 an average rating of “Moderate Buy” and a consensus target price of $195.00.

About Boeing

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.