Tyche Wealth Partners LLC Makes New Investment in The Boeing Company (NYSE:BA)

Tyche Wealth Partners LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,225 shares of the aircraft producer’s stock, valued at approximately $580,000.

Other hedge funds have also recently made changes to their positions in the company. CNB Bank boosted its holdings in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Boeing during the fourth quarter worth approximately $33,000. M&R Capital Management Inc. boosted its holdings in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC bought a new position in Boeing in the fourth quarter worth approximately $52,000. Finally, Fortis Capital Advisors LLC grew its holdings in shares of Boeing by 100.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after purchasing an additional 100 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Bank of America dropped their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Susquehanna reduced their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Finally, TD Cowen cut their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.88.

Boeing Trading Up 1.6 %

BA stock traded up $2.73 during midday trading on Wednesday, reaching $170.55. 7,986,725 shares of the company’s stock traded hands, compared to its average volume of 7,265,883. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The business has a 50-day moving average price of $192.69 and a two-hundred day moving average price of $207.80.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted ($1.75) earnings per share. On average, analysts anticipate that The Boeing Company will post 0.37 EPS for the current year.

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.