1,259 Shares in The Boeing Company (NYSE:BA) Purchased by Arcadia Wealth Management LLC

Arcadia Wealth Management LLC purchased a new position in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,259 shares of the aircraft producer’s stock, valued at approximately $223,000.

Other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its position in shares of Boeing by 6,763.5% during the 2nd quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer’s stock valued at $52,280,000 after acquiring an additional 283,052 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Boeing during the second quarter valued at $82,000. Sanctuary Advisors LLC bought a new position in Boeing during the second quarter valued at $21,405,000. Heritage Wealth Management Inc. bought a new stake in shares of Boeing in the 2nd quarter worth about $483,000. Finally, Czech National Bank increased its holdings in shares of Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after buying an additional 9,281 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock opened at $179.47 on Friday. The firm has a 50-day simple moving average of $168.24 and a two-hundred day simple moving average of $164.26. The Boeing Company has a one year low of $137.03 and a one year high of $214.63.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) EPS. Equities research analysts expect that The Boeing Company will post -1.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

About Boeing

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.