The Boeing Company (NYSE:BA) Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 41.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,761 shares of the aircraft producer’s stock after purchasing an additional 4,622 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Boeing were worth $4,108,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BA. Strategic Blueprint LLC lifted its holdings in shares of Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares in the last quarter. Orca Investment Management LLC lifted its position in shares of Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares in the last quarter. Morse Asset Management Inc boosted its holdings in shares of Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after purchasing an additional 3,152 shares during the period. Peregrine Asset Advisers Inc. grew its position in Boeing by 1,335.3% during the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after purchasing an additional 33,904 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Boeing by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock worth $198,781,000 after buying an additional 19,847 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BA shares. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Tuesday, March 26th. Argus cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup cut their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group decreased their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Hold” and a consensus price target of $222.41.

Boeing Stock Performance

Shares of BA traded up $0.94 during trading hours on Friday, reaching $179.79. 5,416,263 shares of the company traded hands, compared to its average volume of 8,228,397. The stock’s fifty day moving average is $183.74 and its 200 day moving average is $205.91. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The stock has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned ($1.75) EPS. On average, equities research analysts predict that The Boeing Company will post -0.18 EPS for the current year.

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.