HighMark Wealth Management LLC Has $29,000 Stock Holdings in The Boeing Company (NYSE:BA)

HighMark Wealth Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 121.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164 shares of the aircraft producer’s stock after purchasing an additional 90 shares during the period. HighMark Wealth Management LLC’s holdings in Boeing were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BA. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter valued at approximately $28,000. Finally, Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth approximately $30,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Robert W. Baird dropped their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

NYSE BA opened at $184.52 on Tuesday. The company has a market capitalization of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The company has a 50-day simple moving average of $174.96 and a 200 day simple moving average of $163.90.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) EPS. As a group, analysts forecast that The Boeing Company will post -2.3 EPS 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.