Lake Street Private Wealth LLC Buys Shares of 2,449 The Boeing Company (NYSE:BA)

Lake Street Private Wealth LLC purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,449 shares of the aircraft producer's stock, valued at approximately $433,000.

Several other institutional investors and hedge funds also recently modified their holdings of BA. IMS Capital Management boosted its holdings in shares of Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer's stock worth $2,759,000 after purchasing an additional 62 shares in the last quarter. Sterneck Capital Management LLC lifted its position in Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer's stock worth $530,000 after buying an additional 66 shares during the last quarter. Peoples Financial Services CORP. boosted its stake in Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer's stock worth $1,352,000 after buying an additional 67 shares in the last quarter. GSG Advisors LLC grew its position in Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer's stock valued at $264,000 after acquiring an additional 67 shares during the last quarter. Finally, Altus Wealth Group LLC raised its stake in shares of Boeing by 5.7% during the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer's stock worth $201,000 after acquiring an additional 71 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of Boeing stock traded up $2.21 during midday trading on Friday, hitting $171.14. The company had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The stock has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The company has a 50 day moving average of $163.15 and a 200 day moving average of $164.75.

Boeing (NYSE:BA - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $17.81 billion. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.26) earnings per share. Equities research analysts forecast that The Boeing Company will post -16.43 EPS for the current year.

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. Robert W. Baird decreased their target price on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Jefferies Financial Group dropped their target price on Boeing from $270.00 to $240.00 and set a "buy" rating for the company in a report on Monday, September 23rd. TD Cowen decreased their price target on Boeing from $200.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Finally, Northcoast Research raised Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. 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. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average price target of $192.21.

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.