Avior Wealth Management LLC Increases Stock Position in The Boeing Company (NYSE:BA)

Avior Wealth Management LLC raised its holdings in The Boeing Company (NYSE:BA) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,569 shares of the aircraft producer’s stock after purchasing an additional 1,030 shares during the quarter. Avior Wealth Management LLC’s holdings in Boeing were worth $5,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Blueprint LLC raised its position in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after purchasing an additional 264 shares during the last quarter. Rothschild Investment LLC IL raised its holdings in Boeing by 21.1% in the 3rd quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after acquiring an additional 13,079 shares during the last quarter. Meridian Wealth Management LLC grew its stake in shares of Boeing by 86.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after buying an additional 11,510 shares during the period. Morse Asset Management Inc grew its stake in shares of Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares during the period. Finally, Peregrine Asset Advisers Inc. grew its stake in shares of Boeing by 1,335.3% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after buying an additional 33,904 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BA shares. Sanford C. Bernstein decreased their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. TD Cowen reduced their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Citigroup cut their target price on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. The Goldman Sachs Group decreased their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Finally, Northcoast Research lowered shares of Boeing from a “buy” rating to a “neutral” rating in a research note on Friday, February 23rd. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.88.

Boeing Stock Up 1.6 %

NYSE BA traded up $2.73 during midday trading on Tuesday, hitting $170.55. The company had a trading volume of 7,976,912 shares, compared to its average volume of 9,853,187. The stock has a market cap of $104.06 billion, a price-to-earnings ratio of -46.03, a P/E/G ratio of 115.71 and a beta of 1.52. The firm has a fifty day simple moving average of $193.45 and a two-hundred day simple moving average of $207.95. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the firm posted ($1.75) earnings per share. Boeing’s revenue was up 10.2% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post 0.37 earnings per share for the current 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.