4WEALTH Advisors Inc. Invests $940,000 in The Boeing Company (NYSE:BA)

4WEALTH Advisors Inc. purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,308 shares of the aircraft producer's stock, valued at approximately $940,000. Boeing makes up 0.9% of 4WEALTH Advisors Inc.'s investment portfolio, making the stock its 25th largest holding.

Several other institutional investors have also recently bought and sold shares of the stock. Keynote Financial Services LLC increased its stake in Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after acquiring an additional 57 shares during the last quarter. Chaney Capital Management Inc. increased its position in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. lifted its position in Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after buying an additional 60 shares during the last quarter. Finally, Trek Financial LLC boosted its stake in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after buying an additional 60 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Down 0.1 %

NYSE:BA opened at $183.00 on Friday. The company has a market capitalization of $137.98 billion, a PE ratio of -9.99 and a beta of 1.24. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The stock has a fifty day simple moving average of $165.00 and a 200-day simple moving average of $165.51.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted ($1.13) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BA. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Citigroup upped their price target on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $181.00 to $218.00 in a research note on Monday. Finally, TD Securities reissued a "buy" rating and set a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $200.90.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

About Boeing

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.

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