Wealth Alliance Advisory Group LLC Has $759,000 Stock Holdings in The Boeing Company (NYSE:BA)

Wealth Alliance Advisory Group LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,287 shares of the aircraft producer’s stock after acquiring an additional 354 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Boeing were worth $759,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Moss Adams Wealth Advisors LLC boosted its stake in shares of Boeing by 9.4% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 2,988 shares of the aircraft producer’s stock valued at $529,000 after purchasing an additional 256 shares during the last quarter. Udine Wealth Management Inc. bought a new position in Boeing in the fourth quarter valued at approximately $2,003,000. Financial Management Professionals Inc. grew its holdings in Boeing by 41.5% during the 4th quarter. Financial Management Professionals Inc. now owns 795 shares of the aircraft producer’s stock worth $141,000 after acquiring an additional 233 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Boeing by 68.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 29,961 shares of the aircraft producer’s stock valued at $5,303,000 after acquiring an additional 12,171 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of Boeing by 39.1% in the 4th quarter. HB Wealth Management LLC now owns 13,507 shares of the aircraft producer’s stock valued at $2,390,000 after purchasing an additional 3,799 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BA shares. The Goldman Sachs Group dropped their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Performance

NYSE:BA opened at $171.14 on Friday. The stock’s 50-day simple moving average is $163.15 and its 200 day simple moving average is $164.89. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The company has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates 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 earned ($3.26) earnings per share. As a group, equities analysts predict that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Boeing 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.