Keudell Morrison Wealth Management Buys 225 Shares of The Boeing Company (NYSE:BA)

Keudell Morrison Wealth Management grew its position in The Boeing Company (NYSE:BA) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,013 shares of the aircraft producer’s stock after purchasing an additional 225 shares during the period. Keudell Morrison Wealth Management’s holdings in Boeing were worth $710,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in shares of Boeing by 6,763.5% in the 2nd quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer’s stock worth $52,280,000 after buying an additional 283,052 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Boeing in the second quarter worth about $82,000. Sanctuary Advisors LLC purchased a new position in Boeing in the second quarter valued at about $21,405,000. Heritage Wealth Management Inc. bought a new position in shares of Boeing during the 2nd quarter valued at approximately $483,000. Finally, Czech National Bank raised 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 purchasing an additional 9,281 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday. Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Up 3.3 %

Shares of NYSE BA opened at $179.47 on Friday. The stock has a market cap of $110.95 billion, a price-to-earnings ratio of -9.80 and a beta of 1.52. The stock’s 50-day moving average is $168.96 and its 200 day moving average is $164.37. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -1.61 EPS for the current fiscal year.

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.