Future Financial Wealth Managment LLC Buys Shares of 301 The Boeing Company (NYSE:BA)

Future Financial Wealth Managment LLC purchased a new position in The Boeing Company (NYSE:BA) in the first quarter, Holdings Channel reports. The fund purchased 301 shares of the aircraft producer’s stock, valued at approximately $58,000.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors boosted its position in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after purchasing an additional 4,425,964 shares during the period. Jennison Associates LLC bought a new stake in shares of Boeing during the 4th quarter worth $960,397,000. Wellington Management Group LLP boosted its holdings in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares during the last quarter. Finally, Boston Partners raised its holdings in Boeing by 861.6% in the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after acquiring an additional 1,617,151 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research report on Wednesday, April 17th. Robert W. Baird dropped their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Argus lowered Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Melius Research restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Trading Up 2.0 %

NYSE BA opened at $178.53 on Thursday. 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 is $177.84 and its two-hundred day moving average is $199.49. The company has a market capitalization of $109.60 billion, a price-to-earnings ratio of -50.29 and a beta of 1.55.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, analysts predict that The Boeing Company will post -1.67 earnings per share for the current year.

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.