The Boeing Company (NYSE:BA) Holdings Boosted by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,212 shares of the aircraft producer's stock after acquiring an additional 2,804 shares during the period. Arkadios Wealth Advisors' holdings in Boeing were worth $3,047,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the second quarter worth $33,000. Cedar Wealth Management LLC bought a new stake in Boeing during the third quarter valued at $30,000. Fairscale Capital LLC acquired a new stake in shares of Boeing during the second quarter worth $59,000. Finally, Planning Capital Management Corp lifted its position in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer's stock worth $50,000 after buying an additional 289 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE BA traded up $2.21 on Friday, reaching $171.14. The company's stock had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The firm's 50 day moving average is $162.76 and its two-hundred day moving average is $165.00. The stock has a market cap of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts' consensus estimates 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% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) EPS. Equities research analysts anticipate that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a "buy" rating on the stock in a research note on Tuesday, September 24th. Wells Fargo & Company cut their price target on Boeing from $86.00 to $85.00 and set an "underweight" rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased 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. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average 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.