Avidian Wealth Solutions LLC Grows Holdings in The Boeing Company (NYSE:BA)

Avidian Wealth Solutions LLC increased its position in The Boeing Company (NYSE:BA) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,017 shares of the aircraft producer’s stock after purchasing an additional 129 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Boeing were worth $968,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the 4th quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing during the fourth quarter worth $28,000. Evolution Advisers Inc. purchased a new position in Boeing in the 4th quarter valued at about $28,000. Vima LLC purchased a new position in shares of Boeing in the fourth quarter valued at approximately $34,000. Finally, Accent Capital Management LLC purchased a new position in Boeing in the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BA shares. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Melius Research reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Price Performance

Shares of NYSE BA traded up $0.48 during midday trading on Wednesday, hitting $183.72. The company’s stock had a trading volume of 3,580,883 shares, compared to its average volume of 8,379,397. The firm has a market capitalization of $112.78 billion, a price-to-earnings ratio of -51.70 and a beta of 1.56. The business’s fifty day simple moving average is $180.80 and its two-hundred day simple moving average is $194.30. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. Analysts anticipate that The Boeing Company will post -1.67 EPS for the current fiscal year.

Boeing Company 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.