1,659 Shares in The Boeing Company (NYSE:BA) Purchased by Priebe Wealth Holdings LLC

by · The Cerbat Gem

Priebe Wealth Holdings LLC acquired a new position in The Boeing Company (NYSE:BA – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,659 shares of the aircraft producer’s stock, valued at approximately $432,000.

Several other institutional investors also recently bought and sold shares of the company. CNB Bank boosted its holdings in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Boeing during the 2nd quarter worth approximately $32,000. True Wealth Design LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $33,000. Park Place Capital Corp boosted its holdings in shares of Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 137 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of Boeing during the 4th quarter worth approximately $41,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent research reports. Sanford C. Bernstein lowered their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Bank of America reduced their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday. The Goldman Sachs Group reduced their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $237.71.

Check Out Our Latest Report on BA

Boeing Trading Down 0.7 %

Shares of BA stock opened at $173.36 on Friday. The firm has a fifty day moving average price of $195.03 and a 200 day moving average price of $208.14. The Boeing Company has a 12 month low of $171.38 and a 12 month high of $267.54.

Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the company earned ($1.75) EPS. The business’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that The Boeing Company will post 0.75 earnings per share for the current year.

Boeing Profile

(Free Report)

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.

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