One Wealth Management Investment & Advisory Services LLC Acquires Shares of 1,446 The Boeing Company (NYSE:BA)

One Wealth Management Investment & Advisory Services LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,446 shares of the aircraft producer’s stock, valued at approximately $263,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its stake in shares of Boeing by 2.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock valued at $661,000 after acquiring an additional 50 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Boeing by 1.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after acquiring an additional 50 shares during the period. Davis R M Inc. increased its stake in shares of Boeing by 1.8% during the fourth quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock valued at $767,000 after acquiring an additional 52 shares during the period. Westpac Banking Corp increased its stake in shares of Boeing by 1.6% during the fourth quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock valued at $870,000 after acquiring an additional 54 shares during the period. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Wells Fargo & Company restated an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a research report on Tuesday. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Price Performance

Shares of BA stock traded down $4.53 on Friday, hitting $157.62. The company’s stock had a trading volume of 7,328,641 shares, compared to its average volume of 7,886,446. The Boeing Company has a fifty-two week low of $156.70 and a fifty-two week high of $267.54. The firm’s fifty day moving average price is $176.53 and its 200-day moving average price is $180.81. The stock has a market capitalization of $96.76 billion, a price-to-earnings ratio of -44.41 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the firm posted ($0.82) earnings per share. The company’s revenue was down 14.6% compared to the same quarter last year. Analysts predict that The Boeing Company will post -4.26 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.