Adamsbrown Wealth Consultants LLC Has $432,000 Stock Holdings in The Boeing Company (NYSE:BA)

Adamsbrown Wealth Consultants LLC raised its stake in The Boeing Company (NYSE:BA) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,439 shares of the aircraft producer’s stock after buying an additional 235 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in Boeing were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Czech National Bank boosted its holdings in Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Boeing by 6.9% in the third quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock valued at $619,000 after purchasing an additional 264 shares during the period. Herbst Group LLC increased its holdings in Boeing by 1.0% during the 3rd quarter. Herbst Group LLC now owns 15,751 shares of the aircraft producer’s stock worth $2,395,000 after acquiring an additional 160 shares during the period. Smith Anglin Financial LLC increased its holdings in Boeing by 2.3% during the 3rd quarter. Smith Anglin Financial LLC now owns 3,618 shares of the aircraft producer’s stock worth $550,000 after acquiring an additional 82 shares during the period. Finally, Miracle Mile Advisors LLC increased its holdings in Boeing by 7.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 20,264 shares of the aircraft producer’s stock worth $3,081,000 after acquiring an additional 1,344 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BA shares. Wells Fargo & Company increased their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Down 1.8 %

NYSE BA opened at $176.26 on Monday. The company has a market capitalization of $108.96 billion, a price-to-earnings ratio of -9.62 and a beta of 1.52. The stock has a fifty day simple moving average of $169.50 and a 200 day simple moving average of $164.20. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business posted ($0.47) EPS. Research analysts expect that The Boeing Company will post -1.61 earnings per share 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.