Drive Wealth Management LLC Buys 375 Shares of The Boeing Company (NYSE:BA)

Drive Wealth Management LLC boosted its stake in The Boeing Company (NYSE:BA – Free Report) by 25.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,876 shares of the aircraft maker’s stock after purchasing an additional 375 shares during the quarter. Drive Wealth Management LLC’s holdings in Boeing were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BA. JFS Wealth Advisors LLC boosted its holdings in Boeing by 2.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft maker’s stock worth $661,000 after purchasing an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Boeing by 1.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft maker’s stock worth $1,094,000 after acquiring an additional 50 shares during the period. Davis RM Inc. raised its holdings in shares of Boeing by 1.8% during the fourth quarter. Davis RM Inc. now owns 2,943 shares of the aircraft maker’s stock valued at $767,000 after purchasing an additional 52 shares during the last quarter. Westpac Banking Corp lifted its position in Boeing by 1.6% during the fourth quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock worth $870,000 after purchasing an additional 54 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its holdings in Boeing by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft maker’s stock worth $3,895,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s shares.

The Wall Street analyst weighs in

A number of equities research analysts have weighed in on BA shares. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 target price on shares of Boeing in a report on Tuesday, June 25th. Wells Fargo & Company cut their price target on Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Robert W. Baird reduced their price objective 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, UBS Group decreased their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $215.18.

View Boeing’s latest stock report

Boeing stock performance

BA stock opened at $173.74 on Monday. The stock has a fifty day simple moving average of $178.13 and a two hundred day simple moving average of $181.91. The firm has a market cap of $107.05 billion, a PE ratio of -48.94 and a beta of 1.56. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA – Get Free Report ) last released its earnings results on Wednesday, July 31st. The aircraft maker reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the previous year, the company earned EPS of ($0.82). The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -4.26 EPS for the current fiscal year.

Boeing profile

(Free report)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services and supports commercial aircraft, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide. The company operates through Commercial Aircraft; Defense, Space and Security; and Global Services segments.

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