BlueChip Wealth Advisors LLC Invests $425,000 in The Boeing Company (NYSE:BA)

BlueChip Wealth Advisors LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,632 shares of the aircraft producer’s stock, valued at approximately $425,000.

Several other hedge funds have also made changes to their positions in BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the fourth quarter valued at $26,000. Evolution Advisers Inc. acquired a new position in Boeing in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the fourth quarter valued at $28,000. Vima LLC acquired a new position in Boeing in the fourth quarter valued at $34,000. Finally, Naples Money Management LLC acquired a new position in Boeing in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird cut their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. JPMorgan Chase & Co. cut their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Price Performance

Shares of NYSE BA traded up $1.12 during midday trading on Monday, hitting $178.39. 4,766,541 shares of the company’s stock were exchanged, compared to its average volume of 8,664,084. The stock’s 50 day moving average price is $177.38 and its 200-day moving average price is $202.05. The firm has a market cap of $109.51 billion, a P/E ratio of -50.25 and a beta of 1.55. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, analysts expect that The Boeing Company will post -1.48 EPS for the current fiscal 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.