Alteri Wealth LLC Makes New $8.17 Million Investment in The Boeing Company (NYSE:BA)

Alteri Wealth LLC purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 46,137 shares of the aircraft producer's stock, valued at approximately $8,166,000. Boeing makes up about 2.3% of Alteri Wealth LLC's portfolio, making the stock its 5th largest holding.

Other large investors have also recently modified their holdings of the company. Alyeska Investment Group L.P. bought a new stake in shares of Boeing during the 4th quarter worth $526,889,000. AmeriServ Wealth Advisors purchased a new stake in Boeing during the fourth quarter valued at about $590,000. Aptus Capital Advisors LLC lifted its stake in Boeing by 47.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 11,994 shares of the aircraft producer's stock worth $2,123,000 after purchasing an additional 3,848 shares during the last quarter. Aspire Growth Partners LLC bought a new stake in Boeing during the fourth quarter worth about $275,000. Finally, Accredited Wealth Management LLC purchased a new position in shares of Boeing in the 4th quarter worth about $47,000. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. Melius Research set a $204.00 target price on Boeing in a research report on Monday, March 24th. StockNews.com upgraded shares of Boeing to a "sell" rating in a report on Thursday, April 24th. Morgan Stanley increased their target price on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Citigroup raised their price target on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average price target of $200.90.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Up 1.4 %

BA opened at $185.49 on Friday. The stock has a market cap of $139.86 billion, a PE ratio of -10.13 and a beta of 1.40. The business has a 50 day moving average of $165.14 and a 200-day moving average of $165.74. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the firm earned ($1.13) EPS. The company's revenue was up 17.7% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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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