Imprint Wealth LLC Makes New $203,000 Investment in The Boeing Company (NYSE:BA)

Imprint Wealth LLC purchased a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 793 shares of the aircraft producer’s stock, valued at approximately $203,000.

Other institutional investors also recently added to or reduced their stakes in the company. CNB Bank increased its position in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the period. True Wealth Design LLC bought a new position in Boeing in the 4th quarter worth approximately $33,000. Park Place Capital Corp increased its position in Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after buying an additional 137 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Boeing during the fourth quarter valued at approximately $41,000. Finally, Fortis Capital Advisors LLC raised its stake in shares of Boeing by 100.0% in the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after purchasing an additional 100 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 1.6 %

Boeing stock opened at $170.55 on Wednesday. The business’s 50-day simple moving average is $192.69 and its 200 day simple moving average is $207.80. The Boeing Company has a 12-month low of $167.53 and a 12-month high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the company posted ($1.75) EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post 0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BA shares. UBS Group cut their target price on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Bank of America cut their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. JPMorgan Chase & Co. lowered their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Susquehanna lowered their price target on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research report on Thursday, March 21st. Finally, The Goldman Sachs Group lowered their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.88.

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.