RMR Wealth Builders Buys Shares of 1,881 The Boeing Company (NYSE:BA)

RMR Wealth Builders bought a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,881 shares of the aircraft producer’s stock, valued at approximately $333,000.

Several other hedge funds have also recently added to or reduced their stakes in BA. American Century Companies Inc. grew its holdings in shares of Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after buying an additional 7,739 shares in the last quarter. BOKF NA grew its holdings in shares of Boeing by 14.1% during the second quarter. BOKF NA now owns 18,589 shares of the aircraft producer’s stock worth $3,383,000 after buying an additional 2,298 shares in the last quarter. PFG Advisors grew its holdings in shares of Boeing by 16.6% during the second quarter. PFG Advisors now owns 5,100 shares of the aircraft producer’s stock worth $928,000 after buying an additional 726 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of Boeing by 20.7% during the second quarter. Main Street Financial Solutions LLC now owns 5,049 shares of the aircraft producer’s stock worth $919,000 after buying an additional 866 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Boeing by 1.6% in the second quarter. Oppenheimer & Co. Inc. now owns 37,380 shares of the aircraft producer’s stock valued at $6,804,000 after purchasing an additional 599 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BA shares. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company lowered their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. TD Cowen lowered their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Finally, Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Trading Up 0.2 %

BA stock opened at $172.08 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $228.28. The firm has a market capitalization of $106.38 billion, a PE ratio of -13.34 and a beta of 1.52. The firm has a 50-day moving average of $161.39 and a two-hundred day moving average of $165.32.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned ($3.26) EPS. On average, equities research analysts anticipate that The Boeing Company will post -16.18 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.