Arkadios Wealth Advisors Has $3.05 Million Stock Position in The Boeing Company (NYSE:BA)

Arkadios Wealth Advisors increased its holdings in The Boeing Company (NYSE:BA) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,212 shares of the aircraft producer’s stock after acquiring an additional 2,804 shares during the period. Arkadios Wealth Advisors’ holdings in Boeing were worth $3,047,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BA. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new stake in Boeing during the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing in the 2nd quarter valued at $33,000. Planning Capital Management Corp lifted its stake 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 acquiring an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in Boeing during the 3rd quarter worth $58,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $171.14 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The stock’s 50-day simple moving average is $162.76 and its 200 day simple moving average is $165.00. The stock has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data 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 firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($3.26) EPS. On average, research analysts forecast that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Finally, Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Two 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.