GoalVest Advisory LLC Acquires 209 Shares of The Boeing Company (NYSE:BA)

GoalVest Advisory LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 92.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 434 shares of the aircraft producer’s stock after purchasing an additional 209 shares during the period. GoalVest Advisory LLC’s holdings in Boeing were worth $84,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Blueprint LLC increased its position in shares of Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after purchasing an additional 4,622 shares during the last quarter. Orca Investment Management LLC boosted its holdings in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC purchased a new stake in Boeing in the fourth quarter worth approximately $205,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $182.58 on Friday. The company has a market cap of $112.08 billion, a P/E ratio of -51.43 and a beta of 1.55. The firm’s fifty day moving average is $178.00 and its two-hundred day moving average is $199.34. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating 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, analysts forecast that The Boeing Company will post -1.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TD Cowen dropped their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Robert W. Baird dropped their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Finally, Susquehanna reiterated a “positive” rating and set a $230.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

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.