Merit Financial Group LLC Purchases 686 Shares of The Boeing Company (NYSE:BA)

Merit Financial Group LLC boosted its holdings in The Boeing Company (NYSE:BAGet Rating) by 16.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,811 shares of the aircraft producer’s stock after purchasing an additional 686 shares during the quarter. Merit Financial Group LLC’s holdings in Boeing were worth $921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Meridian Wealth Partners LLC increased its position in shares of Boeing by 4.4% during the fourth quarter. Meridian Wealth Partners LLC now owns 1,308 shares of the aircraft producer’s stock worth $263,000 after acquiring an additional 55 shares during the period. Lindbrook Capital LLC raised its holdings in Boeing by 0.5% during the first quarter. Lindbrook Capital LLC now owns 11,361 shares of the aircraft producer’s stock worth $2,176,000 after purchasing an additional 56 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in Boeing by 42.1% during the first quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after purchasing an additional 56 shares in the last quarter. Confluence Wealth Services Inc. increased its holdings in Boeing by 2.7% in the first quarter. Confluence Wealth Services Inc. now owns 2,460 shares of the aircraft producer’s stock valued at $471,000 after buying an additional 64 shares in the last quarter. Finally, Weik Capital Management increased its holdings in Boeing by 1.3% in the fourth quarter. Weik Capital Management now owns 5,029 shares of the aircraft producer’s stock valued at $1,012,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $157.79 on Friday. The firm has a market cap of $93.70 billion, a P/E ratio of -17.63 and a beta of 1.35. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $233.94. The firm has a fifty day moving average of $157.24 and a two-hundred day moving average of $159.22.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The business had revenue of $16.68 billion for the quarter, compared to the consensus estimate of $17.53 billion. Boeing’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. On average, sell-side analysts expect that The Boeing Company will post -1.9 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BA. Bank of America raised their target price on shares of Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday. Susquehanna cut their target price on shares of Boeing from $193.00 to $192.00 in a research note on Friday, May 20th. Wells Fargo & Company cut their target price on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Citigroup raised shares of Boeing from a “neutral” rating to a “buy” rating and cut their target price for the company from $219.00 to $209.00 in a research note on Thursday, June 16th. Finally, StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $220.06.

Boeing Profile

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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