Udine Wealth Management Inc. Invests $2 Million in The Boeing Company (NYSE:BA)

Udine Wealth Management Inc. bought a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,315 shares of the aircraft producer’s stock, valued at approximately $2,003,000. Boeing makes up 1.3% of Udine Wealth Management Inc.’s portfolio, making the stock its 23rd biggest holding.

Other large investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter worth about $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the second quarter worth approximately $33,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Fairscale Capital LLC acquired a new stake in shares of Boeing in the second quarter valued at approximately $59,000. Finally, Planning Capital Management Corp raised its position in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on BA shares. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Price Performance

Boeing stock opened at $171.14 on Friday. The company has a market cap of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The firm has a 50-day moving average of $163.15 and a 200-day moving average of $164.89. The Boeing Company has a one year low of $137.03 and a one year high of $217.59.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.26) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -16.43 earnings per share for the current 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.