Parisi Gray Wealth Management Raises Holdings in The Boeing Company (NYSE:BA)

Parisi Gray Wealth Management grew its position in shares of The Boeing Company (NYSE:BA) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,823 shares of the aircraft producer’s stock after purchasing an additional 68 shares during the quarter. Parisi Gray Wealth Management’s holdings in Boeing were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Bollard Group LLC lifted its position in shares of Boeing by 10.6% in the second quarter. Bollard Group LLC now owns 469 shares of the aircraft producer’s stock valued at $99,000 after acquiring an additional 45 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares during the period. Waverly Advisors LLC boosted its position in shares of Boeing by 0.6% during the fourth quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,527,000 after buying an additional 49 shares during the period. WealthPlan Investment Management LLC boosted its position in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after buying an additional 49 shares during the period. Finally, Graves Light Lenhart Wealth Inc. boosted its position in shares of Boeing by 3.4% during the second quarter. Graves Light Lenhart Wealth Inc. now owns 1,540 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 50 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and set a $270.00 target price on shares of Boeing in a report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and set a $235.00 price target on shares of Boeing in a research report on Monday. William Blair initiated coverage on shares of Boeing in a research note on Tuesday, December 12th. They set an “outperform” rating on the stock. Bank of America lowered their target price on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Finally, Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.53.

Boeing Trading Down 0.0 %

Shares of NYSE:BA traded down $0.07 during trading on Thursday, reaching $191.88. The company had a trading volume of 476,609 shares, compared to its average volume of 10,353,335. The company has a fifty day moving average of $200.81 and a two-hundred day moving average of $209.96. The stock has a market capitalization of $117.07 billion, a P/E ratio of -52.15, a price-to-earnings-growth ratio of 30.31 and a beta of 1.52. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54.

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

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.