RMR Wealth Builders Invests $333,000 in The Boeing Company (NYSE:BA)

RMR Wealth Builders bought a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,881 shares of the aircraft producer’s stock, valued at approximately $333,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the second quarter valued at about $33,000. Planning Capital Management Corp raised its holdings in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at about $58,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $168.91 on Friday. The business has a 50-day moving average of $162.40 and a 200 day moving average of $164.98. The stock has a market capitalization of $104.42 billion, a PE ratio of -13.09 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59.

Boeing (NYSE:BA) last announced its earnings results 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 analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Analysts anticipate that The Boeing Company will post -16.43 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BA. UBS Group reduced their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently 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.