Drive Wealth Management LLC Has $457,000 Stock Position in The Boeing Company (NYSE:BA)

Drive Wealth Management LLC increased its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,754 shares of the aircraft producer’s stock after purchasing an additional 94 shares during the period. Drive Wealth Management LLC’s holdings in Boeing were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. United Bank grew its position in Boeing by 4.7% during the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after acquiring an additional 226 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Boeing by 1,064.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after acquiring an additional 777 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Boeing by 68.0% during the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 2,879 shares during the period. Prudential PLC bought a new position in shares of Boeing during the 1st quarter worth approximately $836,000. Finally, Dakota Wealth Management boosted its position in shares of Boeing by 26.7% during the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on BA shares. Citigroup reduced their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. UBS Group lowered their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Wells Fargo & Company cut their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Stifel Nicolaus reissued a “buy” rating and set a $270.00 target price on shares of Boeing in a research report on Monday, March 25th. Finally, TD Cowen dropped their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.53.

Check Out Our Latest Research Report on Boeing

Boeing Price Performance

BA stock traded down $2.28 during midday trading on Tuesday, reaching $187.22. The company had a trading volume of 2,833,759 shares, compared to its average volume of 10,212,826. The firm has a 50-day moving average price of $199.27 and a 200-day moving average price of $209.46. The company has a market capitalization of $114.23 billion, a P/E ratio of -51.16, a P/E/G ratio of 48.46 and a beta of 1.52. The Boeing Company has a 1 year low of $176.25 and a 1 year high of $267.54.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.75) earnings per share. On average, equities analysts predict that The Boeing Company will post 1 EPS for the current year.

Boeing Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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