Moss Adams Wealth Advisors LLC Boosts Stake in The Boeing Company (NYSE:BA)

Moss Adams Wealth Advisors LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,988 shares of the aircraft producer’s stock after buying an additional 256 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Boeing were worth $529,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Udine Wealth Management Inc. purchased a new position in shares of Boeing in the fourth quarter worth about $2,003,000. Financial Management Professionals Inc. increased its holdings in Boeing by 41.5% in the 4th quarter. Financial Management Professionals Inc. now owns 795 shares of the aircraft producer’s stock worth $141,000 after buying an additional 233 shares during the period. Ameritas Advisory Services LLC raised its position in Boeing by 68.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 29,961 shares of the aircraft producer’s stock worth $5,303,000 after buying an additional 12,171 shares during the last quarter. HB Wealth Management LLC raised its position in Boeing by 39.1% during the 4th quarter. HB Wealth Management LLC now owns 13,507 shares of the aircraft producer’s stock worth $2,390,000 after buying an additional 3,799 shares during the last quarter. Finally, Westend Capital Management LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $17,567,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BA shares. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. The Goldman Sachs Group dropped their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Trading Up 1.3 %

NYSE:BA opened at $171.14 on Friday. The stock has a 50 day moving average of $163.15 and a two-hundred day moving average of $164.89. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The firm has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) EPS. On average, research analysts forecast that The Boeing Company will post -16.43 earnings per share for the current 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.