SVB Wealth LLC Has $5.43 Million Stake in The Boeing Company (NYSE:BA)

SVB Wealth LLC boosted its stake in The Boeing Company (NYSE:BA) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,839 shares of the aircraft producer’s stock after buying an additional 3,339 shares during the quarter. SVB Wealth LLC’s holdings in Boeing were worth $5,432,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BA. United Bank boosted its stake in Boeing by 4.7% in the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after buying an additional 226 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Boeing by 1,064.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after purchasing an additional 777 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Boeing by 68.0% in the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 2,879 shares in the last quarter. Prudential PLC acquired a new position in Boeing in the first quarter worth $836,000. Finally, Dakota Wealth Management boosted its stake in Boeing by 26.7% in the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after purchasing an additional 448 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company dropped their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. TD Cowen dropped their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Finally, Citigroup dropped their target price on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.88.

Boeing Stock Performance

Shares of Boeing stock opened at $170.55 on Wednesday. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54. The business has a 50-day moving average of $192.69 and a two-hundred day moving average of $207.80.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the company earned ($1.75) earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post 0.37 EPS for the current fiscal year.

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.