Beam Wealth Advisors Inc. Buys Shares of 820 The Boeing Company (NYSE:BA)

Beam Wealth Advisors Inc. bought a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 820 shares of the aircraft producer’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Strategic Blueprint LLC boosted its position in Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after purchasing an additional 264 shares in the last quarter. Rothschild Investment LLC IL boosted its position in Boeing by 21.1% during the third quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock worth $14,395,000 after purchasing an additional 13,079 shares in the last quarter. Meridian Wealth Management LLC boosted its position in Boeing by 86.8% during the third quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock worth $4,749,000 after purchasing an additional 11,510 shares in the last quarter. Morse Asset Management Inc boosted its position in Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after purchasing an additional 3,152 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. boosted its position in Boeing by 1,335.3% during the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after purchasing an additional 33,904 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE BA traded up $2.73 on Wednesday, hitting $170.55. 7,986,725 shares of the company’s stock were exchanged, compared to its average volume of 7,265,883. The firm’s 50-day moving average price is $192.69 and its two-hundred day moving average price is $207.80. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The firm has a market cap of $104.06 billion, a price-to-earnings ratio of -46.34, a P/E/G ratio of 114.53 and a beta of 1.52.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BA shares. Northcoast Research downgraded Boeing from a “buy” rating to a “neutral” rating in a research report on Friday, February 23rd. Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Bank of America cut their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus cut their price target on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Finally, Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.88.

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.