McKinley Carter Wealth Services Inc. Invests $219,000 in The Boeing Company (NYSE:BA)

McKinley Carter Wealth Services Inc. bought a new position in shares of The Boeing Company (NYSE:BAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 839 shares of the aircraft producer’s stock, valued at approximately $219,000.

Other hedge funds also recently modified their holdings of the company. Gratus Capital LLC lifted its stake in Boeing by 9.3% during the fourth quarter. Gratus Capital LLC now owns 11,233 shares of the aircraft producer’s stock worth $2,928,000 after purchasing an additional 955 shares during the last quarter. Ieq Capital LLC grew its position in Boeing by 27.2% in the fourth quarter. Ieq Capital LLC now owns 21,356 shares of the aircraft producer’s stock valued at $5,567,000 after acquiring an additional 4,568 shares during the last quarter. Forum Financial Management LP lifted its stake in Boeing by 5.8% in the 4th quarter. Forum Financial Management LP now owns 5,920 shares of the aircraft producer’s stock valued at $1,543,000 after purchasing an additional 326 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Boeing by 18.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,789 shares of the aircraft producer’s stock valued at $1,770,000 after buying an additional 1,036 shares in the last quarter. Finally, Formidable Asset Management LLC increased its holdings in shares of Boeing by 8.8% during the fourth quarter. Formidable Asset Management LLC now owns 7,930 shares of the aircraft producer’s stock worth $2,067,000 after buying an additional 640 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BA shares. TD Cowen dropped their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Bank of America dropped their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Royal Bank of Canada lowered 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. Citigroup lowered their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Hold” and an average target price of $222.41.

Check Out Our Latest Stock Analysis on BA

Boeing Price Performance

Boeing stock opened at $178.45 on Tuesday. The company’s 50 day moving average price is $180.94 and its two-hundred day moving average price is $206.13. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

About Boeing

(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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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