Wealth Alliance Advisory Group LLC Buys 354 Shares of The Boeing Company (NYSE:BA)

Wealth Alliance Advisory Group LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 9.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,287 shares of the aircraft producer’s stock after buying an additional 354 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Boeing were worth $759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the 3rd quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the second quarter worth $33,000. Planning Capital Management Corp lifted 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 worth $50,000 after buying an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Boeing in the third quarter valued at about $58,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 1.3 %

Shares of BA opened at $171.14 on Friday. The stock has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The business’s fifty day moving average is $163.15 and its 200 day moving average is $164.89. The Boeing Company has a 12-month low of $137.03 and a 12-month 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 the consensus estimate 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. During the same period in the prior year, the company posted ($3.26) EPS. Boeing’s revenue was down 1.5% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -16.43 EPS for the current year.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Company 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.