Beam Wealth Advisors Inc. Acquires Shares of 820 The Boeing Company (NYSE:BA)

Beam Wealth Advisors Inc. purchased a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 820 shares of the aircraft producer’s stock, valued at approximately $214,000.

A number of other large investors also recently made changes to their positions in BA. Vanguard Group Inc. raised its position in Boeing by 0.8% in the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after acquiring an additional 356,496 shares during the period. Moneta Group Investment Advisors LLC raised its position in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after acquiring an additional 16,041,103 shares during the period. Morgan Stanley raised its position in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares during the period. Nuveen Asset Management LLC raised its position in Boeing by 7.9% in the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after acquiring an additional 452,721 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after purchasing an additional 153,168 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

BA stock traded up $2.73 during trading on Wednesday, hitting $170.55. 7,986,725 shares of the stock traded hands, compared to its average volume of 7,265,883. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54. The firm’s 50 day moving average is $192.69 and its two-hundred day moving average is $207.80. The stock has a market cap of $104.06 billion, a price-to-earnings ratio of -46.34, a price-to-earnings-growth ratio of 114.53 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 firm had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the company posted ($1.75) earnings per share. As a group, analysts anticipate that The Boeing Company will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on BA. Citigroup reduced their target price on shares of Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. The Goldman Sachs Group reduced their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. UBS Group cut their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Northcoast Research lowered shares of Boeing from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.88.

Boeing 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.