Aaron Wealth Advisors LLC Buys 718 Shares of The Boeing Company (NYSE:BA)

Aaron Wealth Advisors LLC boosted its stake in The Boeing Company (NYSE:BA) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,747 shares of the aircraft producer’s stock after purchasing an additional 718 shares during the period. Aaron Wealth Advisors LLC’s holdings in Boeing were worth $486,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the third quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the third quarter worth approximately $30,000. Planning Capital Management Corp boosted its stake in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Boeing during the 3rd quarter valued at $58,000. Finally, Fairscale Capital LLC purchased a new stake in shares of Boeing in the 2nd quarter worth $59,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 1.3 %

Shares of NYSE BA opened at $171.14 on Monday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The firm’s 50-day moving average price is $163.15 and its 200-day moving average price is $164.75. The stock has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business posted ($3.26) EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BA. Wells Fargo & Company lowered their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. The Goldman Sachs Group lowered their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

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.