Accel Wealth Management Has $322,000 Position in The Boeing Company (NYSE:BA)

Accel Wealth Management increased its position in The Boeing Company (NYSE:BA) by 18.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,669 shares of the aircraft producer’s stock after buying an additional 256 shares during the period. Accel Wealth Management’s holdings in Boeing were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont lifted its holdings in Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after buying an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its holdings 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 buying an additional 47 shares during the period. WealthPlan Investment Management LLC lifted its holdings 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 buying an additional 49 shares during the period. RB Capital Management LLC lifted its holdings in Boeing by 2.7% in 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. Finally, M&R Capital Management Inc. lifted its holdings in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the period. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on BA shares. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. The Goldman Sachs Group decreased their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Morgan Stanley decreased their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Finally, Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Down 0.6 %

NYSE:BA opened at $184.31 on Friday. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The company has a 50 day simple moving average of $179.89 and a two-hundred day simple moving average of $196.83.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities analysts forecast that The Boeing Company will post -1.67 earnings per share for the current year.

Boeing Company 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.