Arkadios Wealth Advisors Purchases 2,804 Shares of The Boeing Company (NYSE:BA)

Arkadios Wealth Advisors grew its position in shares of The Boeing Company (NYSE:BA) by 19.5% in the 4th quarter, HoldingsChannel reports. The firm owned 17,212 shares of the aircraft producer’s stock after acquiring an additional 2,804 shares during the quarter. Arkadios Wealth Advisors’ holdings in Boeing were worth $3,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the third quarter worth approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter worth approximately $33,000. Planning Capital Management Corp boosted its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Boeing during the 3rd quarter valued at $58,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. Citigroup reduced their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Trading Up 1.3 %

Shares of Boeing stock opened at $171.14 on Friday. The business has a fifty day simple moving average of $162.76 and a two-hundred day simple moving average of $165.00. The firm has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that The Boeing Company will post -16.43 earnings per share for the current 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.