RMR Wealth Builders Makes New Investment in The Boeing Company (NYSE:BA)

RMR Wealth Builders purchased a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,094 shares of the aircraft producer’s stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the fourth quarter worth approximately $28,000. Evolution Advisers Inc. bought a new position in shares of Boeing in the fourth quarter valued at approximately $28,000. CNB Bank lifted its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Naples Money Management LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $44,000. Finally, M&R Capital Management Inc. lifted its holdings in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Susquehanna dropped their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Wells Fargo & Company dropped their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Stifel Nicolaus dropped their price target on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $222.41.

Boeing Trading Up 2.1 %

Shares of NYSE BA traded up $3.64 during mid-day trading on Wednesday, hitting $180.35. The company had a trading volume of 4,872,231 shares, compared to its average volume of 9,552,833. The company has a market capitalization of $110.71 billion, a price-to-earnings ratio of -50.80 and a beta of 1.54. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The stock’s 50-day moving average price is $182.80 and its 200-day moving average price is $206.14.

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.