Alpha Omega Wealth Management LLC Acquires New Holdings in The Boeing Company (NYSE:BA)

Alpha Omega Wealth Management LLC acquired a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 966 shares of the aircraft producer’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont increased its holdings in shares of Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after acquiring an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC increased its holdings in shares of Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares during the last quarter. Waverly Advisors LLC grew its stake in Boeing by 0.6% during the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after buying an additional 49 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares during the last quarter. Finally, RB Capital Management LLC grew its stake in Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of NYSE BA opened at $170.19 on Thursday. The business’s 50-day simple moving average is $191.86 and its 200-day simple moving average is $207.54. The Boeing Company has a 52 week low of $167.53 and a 52 week high of $267.54.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Melius restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Royal Bank of Canada lowered their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday. Susquehanna reduced their price target on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Finally, UBS Group cut their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $229.35.

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.