Kestra Private Wealth Services LLC Purchases 719 Shares of The Boeing Company (NYSE:BA)

Kestra Private Wealth Services LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,432 shares of the aircraft producer’s stock after purchasing an additional 719 shares during the period. Kestra Private Wealth Services LLC’s holdings in Boeing were worth $10,539,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BA. Evolution Advisers Inc. purchased a new position in shares of Boeing in the fourth quarter worth about $28,000. CNB Bank boosted its position in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Naples Money Management LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $44,000. M&R Capital Management Inc. boosted its position in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the period. Finally, Keener Financial Planning LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $52,000. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada dropped their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Bank of America dropped their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Wells Fargo & Company dropped their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein dropped their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of “Hold” and an average price target of $222.41.

Boeing Stock Down 0.6 %

Shares of BA traded down $1.10 during trading hours on Tuesday, reaching $172.39. 2,797,757 shares of the company traded hands, compared to its average volume of 9,648,815. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The stock’s fifty day moving average price is $185.92 and its 200 day moving average price is $206.50.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the prior year, the firm posted ($1.75) earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -0.3 earnings per share for the current year.

About Boeing

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.