Delos Wealth Advisors LLC Increases Stake in The Boeing Company (NYSE:BA)

Delos Wealth Advisors LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 6,666.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 203 shares of the aircraft producer’s stock after acquiring an additional 200 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Boeing were worth $53,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. CNB Bank raised its position in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares in the last quarter. Evolution Advisers Inc. bought a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing in the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $44,000. Finally, Blue Bell Private Wealth Management LLC boosted its stake in Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after buying an additional 94 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 0.5 %

Boeing stock traded up $0.94 during mid-day trading on Thursday, hitting $181.29. The company had a trading volume of 5,094,057 shares, compared to its average volume of 9,504,012. The company has a market capitalization of $111.29 billion, a price-to-earnings ratio of -51.06 and a beta of 1.54. The company’s fifty day moving average is $182.26 and its 200-day moving average is $205.96. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BA. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Susquehanna lowered their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Sanford C. Bernstein dropped their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. UBS Group cut their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $222.41.

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.