Avior Wealth Management LLC Raises Stake in The Boeing Company (NYSE:BA)

Avior Wealth Management LLC boosted its position in The Boeing Company (NYSE:BA) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,569 shares of the aircraft producer’s stock after buying an additional 1,030 shares during the quarter. Avior Wealth Management LLC’s holdings in Boeing were worth $5,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BA. Trust Co. of Vermont raised its holdings in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after acquiring an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after acquiring an additional 47 shares during the period. Waverly Advisors LLC grew its position in Boeing by 0.6% in the fourth quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after acquiring an additional 49 shares during the period. WealthPlan Investment Management LLC boosted its position in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares during the period. Finally, RB Capital Management LLC boosted its position in shares of Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA traded up $2.73 during trading on Tuesday, reaching $170.55. The company’s stock had a trading volume of 7,976,912 shares, compared to its average volume of 9,853,187. The Boeing Company has a 52-week low of $167.53 and a 52-week high of $267.54. The company’s fifty day moving average price is $193.45 and its 200-day moving average price is $207.95. The company has a market capitalization of $104.06 billion, a price-to-earnings ratio of -46.03, a price-to-earnings-growth ratio of 115.71 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating 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. During the same period in the prior year, the firm posted ($1.75) EPS. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that The Boeing Company will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. UBS Group lowered their price target on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Bank of America lowered their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. lowered their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday. Morgan Stanley lowered their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus lowered their price target on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $233.88.

About Boeing

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.