2,274 Shares in The Boeing Company (NYSE:BA) Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management acquired a new stake in 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 2,274 shares of the aircraft producer’s stock, valued at approximately $593,000.

A number of other institutional investors have also recently bought and sold shares of BA. Robeco Institutional Asset Management B.V. raised its stake in shares of Boeing by 3.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock valued at $6,118,000 after purchasing an additional 1,133 shares during the period. Brown Advisory Inc. raised its holdings in shares of Boeing by 2.4% in the third quarter. Brown Advisory Inc. now owns 43,816 shares of the aircraft producer’s stock valued at $8,399,000 after purchasing an additional 1,047 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Boeing by 2.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,760 shares of the aircraft producer’s stock worth $19,505,000 after purchasing an additional 2,344 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in Boeing by 13.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,254 shares of the aircraft producer’s stock worth $433,000 after purchasing an additional 259 shares during the last quarter. Finally, Brighton Jones LLC increased its stake in Boeing by 3.4% in the 3rd quarter. Brighton Jones LLC now owns 17,440 shares of the aircraft producer’s stock valued at $3,343,000 after buying an additional 572 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 topic of several research reports. Citigroup dropped their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Argus cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, UBS Group lowered their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $222.41.

Boeing Stock Performance

NYSE:BA traded down $2.25 during trading hours on Monday, reaching $177.54. The stock had a trading volume of 9,849,611 shares, compared to its average volume of 9,623,688. The stock has a market capitalization of $108.99 billion, a PE ratio of -51.03 and a beta of 1.54. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company has a 50 day moving average price of $183.74 and a two-hundred day moving average price of $206.20.

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.