Arista Wealth Management LLC Takes Position in The Boeing Company (NYSE:BA)

Arista Wealth Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 992 shares of the aircraft producer’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. United Bank boosted its holdings in shares of Boeing by 4.7% during the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after purchasing an additional 226 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Boeing by 1,064.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after purchasing an additional 777 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Boeing by 68.0% during the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 2,879 shares during the period. Prudential PLC purchased a new stake in shares of Boeing during the first quarter worth about $836,000. Finally, Dakota Wealth Management boosted its holdings in shares of Boeing by 26.7% during the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after purchasing an additional 448 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA traded up $1.14 on Thursday, hitting $171.35. 1,452,935 shares of the stock traded hands, compared to its average volume of 9,718,249. The business has a 50 day simple moving average of $191.86 and a 200 day simple moving average of $207.54. The Boeing Company has a one year low of $167.53 and a one year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned ($1.75) EPS. As a group, equities research analysts anticipate that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. UBS Group dropped their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Morgan Stanley lowered their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

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.