Connecticut Wealth Management LLC Purchases 57 Shares of The Boeing Company (NYSE:BA)

Connecticut Wealth Management LLC grew its position in shares of The Boeing Company (NYSE:BA) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,834 shares of the aircraft producer’s stock after buying an additional 57 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Boeing were worth $739,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont raised its position in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares in the last quarter. WealthPlan Investment Management LLC lifted its stake in Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after acquiring an additional 49 shares during the period. RB Capital Management LLC grew its holdings in Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after acquiring an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. increased its position in Boeing by 35.0% during the 4th 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 during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA traded up $0.94 on Friday, reaching $179.79. 5,416,263 shares of the stock were exchanged, compared to its average volume of 8,228,397. The company’s 50-day moving average price is $183.74 and its 200 day moving average price is $206.20. The firm has a market capitalization of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the firm earned ($1.75) EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Sanford C. Bernstein cut their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Royal Bank of Canada reduced their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. The Goldman Sachs Group dropped their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, Barclays decreased their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.