3,040 Shares in The Boeing Company (NYSE:BA) Purchased by Eagle Wealth Strategies LLC

Eagle Wealth Strategies LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,040 shares of the aircraft producer’s stock, valued at approximately $793,000. Boeing makes up 0.5% of Eagle Wealth Strategies LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Chip Partners LLC increased its holdings in shares of Boeing by 2.4% in the 4th quarter. Blue Chip Partners LLC now owns 83,210 shares of the aircraft producer’s stock valued at $21,690,000 after purchasing an additional 1,911 shares during the period. Silver Oak Securities Incorporated boosted its position in shares of Boeing by 154.3% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,424 shares of the aircraft producer’s stock valued at $371,000 after acquiring an additional 864 shares during the period. Magnus Financial Group LLC boosted its position in shares of Boeing by 11.0% in the fourth quarter. Magnus Financial Group LLC now owns 8,803 shares of the aircraft producer’s stock valued at $2,295,000 after acquiring an additional 869 shares during the period. Little House Capital LLC raised its stake in shares of Boeing by 18.3% in the fourth quarter. Little House Capital LLC now owns 8,608 shares of the aircraft producer’s stock valued at $2,244,000 after purchasing an additional 1,334 shares in the last quarter. Finally, Kapstone Financial Advisors LLC raised its stake in shares of Boeing by 15.4% in the fourth quarter. Kapstone Financial Advisors LLC now owns 2,260 shares of the aircraft producer’s stock valued at $589,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $167.68 on Monday. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The business’s fifty day moving average is $186.53 and its 200-day moving average is $206.63.

Boeing (NYSE:BA) last released its quarterly earnings data 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 business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned ($1.75) earnings per share. On average, research analysts expect that The Boeing Company will post -0.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Barclays cut their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research report on Friday. The Goldman Sachs Group decreased their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, Royal Bank of Canada decreased their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $222.41.

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.