Accel Wealth Management Buys 108 Shares of The Boeing Company (NYSE:BA)

Accel Wealth Management boosted its stake in The Boeing Company (NYSE:BA) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,413 shares of the aircraft producer’s stock after purchasing an additional 108 shares during the period. Accel Wealth Management’s holdings in Boeing were worth $368,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BA. Moneta Group Investment Advisors LLC lifted its stake in shares of Boeing by 109,667.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after buying an additional 16,041,103 shares in the last quarter. Barclays PLC lifted its stake in shares of Boeing by 599.0% during the 2nd quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock valued at $321,475,000 after buying an additional 1,827,485 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Boeing by 8,961.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after buying an additional 1,148,643 shares in the last quarter. Morgan Stanley lifted its stake in shares of Boeing by 11.7% during the 4th quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock valued at $1,585,234,000 after buying an additional 872,795 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Boeing by 30.1% during the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after buying an additional 759,267 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock traded up $0.88 during mid-day trading on Thursday, reaching $192.83. The company had a trading volume of 4,468,648 shares, compared to its average volume of 10,419,768. The company has a market capitalization of $117.65 billion, a PE ratio of -52.40, a price-to-earnings-growth ratio of 30.31 and a beta of 1.52. The firm has a 50 day moving average of $200.59 and a 200 day moving average of $209.84. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the previous year, the company posted ($1.75) EPS. Boeing’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts anticipate that The Boeing Company will post 1.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BA shares. Wells Fargo & Company decreased their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $235.00 price target on shares of Boeing in a research note on Monday. TD Cowen decreased 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. Susquehanna decreased their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Finally, Citigroup reduced their target price on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.53.

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.