The Boeing Company (NYSE:BA) Shares Purchased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC lifted its position in The Boeing Company (NYSE:BAFree Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,017 shares of the aircraft producer’s stock after purchasing an additional 129 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Boeing were worth $968,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BA. Strategic Blueprint LLC grew its holdings in Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after buying an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after acquiring an additional 4,622 shares in the last quarter. Orca Investment Management LLC lifted its position in shares of Boeing by 5.5% during 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. One Charles Private Wealth Services LLC purchased a new stake in shares of Boeing during the fourth quarter worth about $205,000. Finally, J.W. Cole Advisors Inc. increased its holdings in Boeing by 5.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 0.3 %

Shares of NYSE BA traded up $0.48 on Wednesday, reaching $183.72. 3,580,883 shares of the company’s stock traded hands, compared to its average volume of 8,379,397. The business’s 50 day simple moving average is $180.80 and its two-hundred day simple moving average is $194.30. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The company has a market cap of $112.78 billion, a price-to-earnings ratio of -51.70 and a beta of 1.56.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. Citigroup reduced their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Sanford C. Bernstein decreased their price target on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. JPMorgan Chase & Co. dropped their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Barclays dropped their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Check Out Our Latest Report on BA

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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