4,604 Shares in The Boeing Company (NYSE:BA) Purchased by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. bought a new position in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,604 shares of the aircraft producer’s stock, valued at approximately $815,000.

Several other large investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the 3rd quarter worth $30,000. Albion Financial Group UT boosted its stake in Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after buying an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp grew its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $174.87 on Thursday. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The business’s 50-day moving average price is $164.90 and its two-hundred day moving average price is $164.53. The company has a market capitalization of $108.11 billion, a P/E ratio of -13.56 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.26) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -16.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BA. Susquehanna cut 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. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Finally, 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 report on Thursday, January 2nd. Two 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 company’s stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price 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.