CWA Asset Management Group LLC Raises Holdings in The Boeing Company (NYSE:BA)

CWA Asset Management Group LLC increased its position in The Boeing Company (NYSE:BA) by 37.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,009 shares of the aircraft producer’s stock after buying an additional 815 shares during the period. CWA Asset Management Group LLC’s holdings in Boeing were worth $533,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BA. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing during the 2nd quarter worth $33,000. Cedar Wealth Management LLC purchased a new position in Boeing during the 3rd quarter worth $30,000. Meeder Asset Management Inc. increased its stake in Boeing by 325.4% in the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after purchasing an additional 231 shares during the period. Finally, Fairscale Capital LLC purchased a new stake in shares of Boeing in the second quarter valued at about $59,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BA shares. Wells Fargo & Company dropped their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, UBS Group dropped their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Performance

Shares of NYSE:BA opened at $172.04 on Thursday. The Boeing Company has a one year low of $137.03 and a one year high of $231.61. The stock has a market cap of $106.36 billion, a PE ratio of -13.34 and a beta of 1.52. The business’s fifty day moving average price is $160.58 and its two-hundred day moving average price is $165.32.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.26) EPS. As a group, equities research analysts predict that The Boeing Company will post -16.18 earnings per share for the current fiscal 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.