The Boeing Company (NYSE:BA) Stock Position Raised by Merit Financial Group LLC

Merit Financial Group LLC lifted its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,811 shares of the aircraft producer’s stock after acquiring 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 reporting period.

Several other large investors have also modified their holdings of BA. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Boeing in the fourth quarter worth $28,000. Lloyd Advisory Services LLC. boosted its position in shares of Boeing by 1,092.3% in the first quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer’s stock worth $30,000 after buying an additional 142 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in shares of Boeing by 42.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after buying an additional 56 shares during the period. Delos Wealth Advisors LLC boosted its position in shares of Boeing by 6,466.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer’s stock worth $40,000 after buying an additional 194 shares during the period. Finally, Landmark Wealth Management LLC acquired a new stake in shares of Boeing in the first quarter worth $48,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Boeing from $214.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, July 28th. Morgan Stanley increased their price objective on Boeing from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Thursday. Susquehanna Bancshares cut their price objective on Boeing from $193.00 to $192.00 and set a “positive” rating for the company in a report on Friday, May 20th. Bank of America raised their target price on Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Citigroup upgraded 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 report on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.06.

Boeing Stock Up 1.2 %

BA stock opened at $157.79 on Friday. The Boeing Company has a twelve month low of $113.02 and a twelve month high of $233.94. The company has a market cap of $93.70 billion, a PE ratio of -17.63 and a beta of 1.35. The business’s 50-day simple moving average is $157.24 and its 200 day simple moving average is $159.22.

Boeing (NYSE:BAGet Rating) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The company had revenue of $16.68 billion during the quarter, compared to analyst estimates of $17.53 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post -1.9 EPS for the current year.

About Boeing

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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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