RMR Wealth Builders Acquires Shares of 1,881 The Boeing Company (NYSE:BA)

RMR Wealth Builders bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,881 shares of the aircraft producer's stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the 3rd quarter valued at $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the second quarter valued at about $33,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter valued at about $30,000. Fairscale Capital LLC bought a new position in shares of Boeing in the second quarter worth about $59,000. Finally, Planning Capital Management Corp lifted its position in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer's stock worth $50,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 1.3 %

Shares of Boeing stock traded up $2.21 during mid-day trading on Friday, reaching $171.14. 9,481,548 shares of the stock were exchanged, compared to its average volume of 7,848,794. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The company has a market cap of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The firm has a 50-day simple moving average of $162.76 and a 200 day simple moving average of $165.00.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($3.26) earnings per share. On average, research analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird dropped 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a "positive" rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Citigroup cut their price objective on shares of Boeing from $224.00 to $209.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.