The Boeing Company (NYSE:BA) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its holdings in The Boeing Company (NYSE:BA) by 37.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,009 shares of the aircraft producer’s stock after purchasing an additional 815 shares during the quarter. CWA Asset Management Group LLC’s holdings in Boeing were worth $533,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing during the 2nd quarter worth approximately $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of Boeing in the second quarter worth approximately $41,000. Finally, Planning Capital Management Corp raised its stake in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of analyst reports. Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

NYSE:BA opened at $172.04 on Thursday. The firm has a market capitalization of $106.36 billion, a PE ratio of -13.34 and a beta of 1.52. The business’s fifty day moving average price is $160.58 and its 200 day moving average price is $165.32. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $231.61.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.26) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -16.18 EPS for the current 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.