Provence Wealth Management Group Buys 817 Shares of The Boeing Company (NYSE:BA)

Provence Wealth Management Group boosted its holdings in shares of The Boeing Company (NYSE:BA) by 111.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,549 shares of the aircraft producer’s stock after buying an additional 817 shares during the period. Provence Wealth Management Group’s holdings in Boeing were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. CNB Bank boosted its stake in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Evolution Advisers Inc. bought a new position in shares of Boeing in the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing in the fourth quarter valued at about $28,000. Naples Money Management LLC bought a new position in shares of Boeing in the fourth quarter valued at about $44,000. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several research analyst reports. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Bank of America dropped their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. TD Cowen dropped their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Finally, StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Price Performance

BA stock traded up $0.94 during mid-day trading on Friday, hitting $179.79. 5,416,263 shares of the stock were exchanged, compared to its average volume of 8,228,397. The business has a fifty day moving average price of $183.74 and a 200 day moving average price of $205.91. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations 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 prior year, the firm posted ($1.75) EPS. As a group, equities analysts forecast that The Boeing Company will post -0.18 EPS for the current fiscal year.

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.