1,085 Shares in The Boeing Company (NYSE:BA) Acquired by Fountainhead AM LLC

Fountainhead AM LLC acquired a new position in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,085 shares of the aircraft producer’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BA. RFG Advisory LLC increased its stake in Boeing by 13.1% in the 3rd quarter. RFG Advisory LLC now owns 4,172 shares of the aircraft producer’s stock worth $800,000 after acquiring an additional 483 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in shares of Boeing by 3.7% in the third quarter. Onyx Bridge Wealth Group LLC now owns 2,346 shares of the aircraft producer’s stock worth $450,000 after purchasing an additional 83 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Boeing by 35.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,214 shares of the aircraft producer’s stock valued at $424,000 after purchasing an additional 574 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Boeing by 2.2% during the third quarter. DAVENPORT & Co LLC now owns 24,850 shares of the aircraft producer’s stock valued at $4,763,000 after purchasing an additional 545 shares during the last quarter. Finally, Park Place Capital Corp grew its stake in Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after buying an additional 137 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of BA stock traded down $1.31 during trading hours on Tuesday, reaching $169.17. The company had a trading volume of 7,584,261 shares, compared to its average volume of 9,611,969. The business has a fifty day moving average price of $188.81 and a 200-day moving average price of $207.19. The Boeing Company has a one year low of $167.53 and a one year high of $267.54. The firm has a market cap of $103.22 billion, a PE ratio of -45.97, a price-to-earnings-growth ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.75) EPS. Equities research analysts forecast that The Boeing Company will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Susquehanna dropped their price target on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research note on Thursday, March 21st. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Barclays decreased their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday. TD Cowen cut their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Finally, Sanford C. Bernstein reduced their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.71.

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.