Axxcess Wealth Management LLC Acquires 7,799 Shares of The Boeing Company (NYSE:BA)

Axxcess Wealth Management LLC raised its holdings in The Boeing Company (NYSE:BA) by 48.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,869 shares of the aircraft producer’s stock after acquiring an additional 7,799 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Boeing were worth $4,225,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC raised its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.2 %

Shares of NYSE:BA opened at $161.57 on Wednesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The business has a 50 day moving average of $172.83 and a two-hundred day moving average of $163.41. The company has a market capitalization of $121.19 billion, a PE ratio of -8.82 and a beta of 1.53.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) EPS. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of several recent research reports. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday. Citigroup boosted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.