The Boeing Company (NYSE:BA) Holdings Raised by Independent Wealth Network Inc.

Independent Wealth Network Inc. grew its position in The Boeing Company (NYSE:BA) by 35.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,701 shares of the aircraft producer’s stock after purchasing an additional 1,226 shares during the period. Independent Wealth Network Inc.’s holdings in Boeing were worth $832,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the 3rd quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the 3rd quarter valued at $30,000. Albion Financial Group UT increased its holdings in shares of Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 159 shares during the period. Finally, Planning Capital Management Corp raised its holdings in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Finally, Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Performance

Boeing stock opened at $174.87 on Thursday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The stock has a 50-day simple moving average of $164.20 and a 200 day simple moving average of $164.46. The stock has a market capitalization of $108.11 billion, a P/E ratio of -13.56 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($3.26) earnings per share. Research analysts forecast that The Boeing Company will post -16.46 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.