Forte Capital LLC ADV Buys 541 Shares of The Boeing Company (NYSE:BA)

Forte Capital LLC ADV lifted its stake in The Boeing Company (NYSE:BA) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,209 shares of the aircraft producer’s stock after purchasing an additional 541 shares during the quarter. Forte Capital LLC ADV’s holdings in Boeing were worth $576,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BA. Trust Co. of Vermont raised its stake in shares of Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after acquiring an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC grew its position in shares of Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after buying an additional 47 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares during the period. RB Capital Management LLC raised its holdings in Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after acquiring an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. lifted its stake in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Susquehanna cut 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. Deutsche Bank Aktiengesellschaft dropped their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada reduced their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Wells Fargo & Company dropped 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Boeing presently has a consensus rating of “Hold” and an average target price of $222.41.

Boeing Stock Up 0.5 %

Shares of NYSE:BA traded up $0.94 during midday trading on Friday, reaching $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The business has a 50 day moving average price of $183.74 and a 200 day moving average price of $205.91. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The firm has a market cap of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the company earned ($1.75) earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -0.18 earnings per share for the current fiscal 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.