The Boeing Company (NYSE:BA) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 15.0% in the 4th quarter, HoldingsChannel reports. The fund owned 22,162 shares of the aircraft producer’s stock after acquiring an additional 2,884 shares during the period. Apollon Wealth Management LLC’s holdings in Boeing were worth $5,777,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the 4th quarter worth about $28,000. Evolution Advisers Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at about $28,000. CNB Bank grew its position in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Naples Money Management LLC acquired a new position in Boeing in the fourth quarter valued at $44,000. Finally, M&R Capital Management Inc. raised its stake in Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 0.8 %

Shares of NYSE BA traded down $1.41 on Monday, hitting $178.38. The company had a trading volume of 11,895,055 shares, compared to its average volume of 9,657,226. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The firm has a market capitalization of $109.50 billion, a P/E ratio of -50.25 and a beta of 1.54. The business has a 50 day moving average of $183.29 and a two-hundred day moving average of $206.17.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Melius restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Barclays lowered their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. The Goldman Sachs Group dropped their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Finally, Morgan Stanley reduced their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $222.41.

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.