Onyx Bridge Wealth Group LLC Acquires 170 Shares of The Boeing Company (NYSE:BA)

Onyx Bridge Wealth Group LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 7.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,516 shares of the aircraft producer’s stock after purchasing an additional 170 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Boeing were worth $656,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of BA. Strategic Blueprint LLC grew its stake in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares in the last quarter. Rothschild Investment LLC IL grew its stake in shares of Boeing by 21.1% during the 3rd quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock worth $14,395,000 after acquiring an additional 13,079 shares in the last quarter. Meridian Wealth Management LLC grew its stake in shares of Boeing by 86.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock worth $4,749,000 after acquiring an additional 11,510 shares in the last quarter. Morse Asset Management Inc grew its stake in shares of Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after acquiring an additional 3,152 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. grew its stake in shares of Boeing by 1,335.3% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after acquiring an additional 33,904 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Down 0.2 %

BA stock traded down $0.41 during trading hours on Friday, hitting $169.82. 4,693,869 shares of the stock were exchanged, compared to its average volume of 6,936,782. The firm has a market capitalization of $103.61 billion, a P/E ratio of -46.15, a P/E/G ratio of 134.80 and a beta of 1.52. The company has a 50-day simple moving average of $190.29 and a two-hundred day simple moving average of $207.16. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping 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. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.75) EPS. On average, equities research analysts predict that The Boeing Company will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BA. Sanford C. Bernstein decreased their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Stifel Nicolaus cut their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Melius reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, UBS Group cut their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $229.35.

Boeing 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.