ACT Wealth Management LLC Buys New Holdings in The Boeing Company (NYSE:BA)

ACT Wealth Management LLC bought a new position in The Boeing Company (NYSE:BA) in the fourth quarter, HoldingsChannel reports. The firm bought 831 shares of the aircraft producer’s stock, valued at approximately $217,000.

A number of other large investors also recently bought and sold shares of the business. CNB Bank lifted its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in shares of Boeing in the 2nd quarter worth $32,000. True Wealth Design LLC purchased a new stake in shares of Boeing in the 4th quarter worth $33,000. Park Place Capital Corp raised its position in shares of Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 137 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of Boeing in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.0 %

NYSE:BA opened at $191.92 on Thursday. The Boeing Company has a one year low of $176.25 and a one year high of $267.54. The stock has a 50 day moving average price of $200.81 and a 200 day moving average price of $209.96.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned ($1.75) EPS. As a group, equities analysts forecast that The Boeing Company will post 1.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on BA shares. Susquehanna reduced their price target on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Royal Bank of Canada cut their price objective on Boeing from $285.00 to $260.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Northcoast Research lowered Boeing from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. William Blair began coverage on Boeing in a research note on Tuesday, December 12th. They issued an “outperform” rating on the stock. Finally, Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.65.

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.