MFA Wealth Advisors LLC Purchases 3,813 Shares of The Boeing Company (NYSE:BA)

MFA Wealth Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA) by 23.8% during the 4th quarter, Holdings Channel reports. The firm owned 19,840 shares of the aircraft producer’s stock after acquiring an additional 3,813 shares during the period. MFA Wealth Advisors LLC’s holdings in Boeing were worth $3,512,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BA. CWM LLC lifted its holdings in shares of Boeing by 9.3% in the 3rd quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock valued at $4,037,000 after acquiring an additional 2,249 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Boeing by 691.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after purchasing an additional 1,507 shares during the last quarter. Douglas Lane & Associates LLC boosted its holdings in shares of Boeing by 12.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 408,698 shares of the aircraft producer’s stock worth $62,138,000 after purchasing an additional 43,896 shares during the period. Ameliora Wealth Management Ltd. increased its position in shares of Boeing by 33.3% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 4,000 shares of the aircraft producer’s stock valued at $608,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Orca Investment Management LLC raised its holdings in Boeing by 10.4% during the 3rd quarter. Orca Investment Management LLC now owns 3,840 shares of the aircraft producer’s stock valued at $584,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $181.51 on Monday. The firm has a market capitalization of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52. The business’s 50-day moving average is $172.22 and its two-hundred day moving average is $164.13. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $213.10.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on BA. Citigroup cut their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Wells Fargo & Company lifted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Company 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.