Bogart Wealth LLC Has $272,000 Stake in The Boeing Company (NYSE:BA)

Bogart Wealth LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 18.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,045 shares of the aircraft producer’s stock after buying an additional 162 shares during the period. Bogart Wealth LLC’s holdings in Boeing were worth $272,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brown Advisory Inc. raised its holdings in Boeing by 2.4% in the 3rd quarter. Brown Advisory Inc. now owns 43,816 shares of the aircraft producer’s stock valued at $8,399,000 after buying an additional 1,047 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Boeing by 97.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 476,810 shares of the aircraft producer’s stock worth $92,093,000 after purchasing an additional 235,847 shares during the last quarter. Park Avenue Securities LLC bought a new position in Boeing during the 3rd quarter worth approximately $1,490,000. Catalyst Financial Partners LLC raised its holdings in Boeing by 5.4% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,416 shares of the aircraft producer’s stock worth $271,000 after purchasing an additional 73 shares during the last quarter. Finally, ARS Wealth Advisors Group LLC bought a new position in Boeing during the 3rd quarter worth approximately $240,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA traded up $3.64 during midday trading on Wednesday, hitting $180.35. 4,872,231 shares of the company traded hands, compared to its average volume of 9,552,833. The stock has a 50-day moving average of $182.80 and a 200-day moving average of $206.14. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The firm has a market cap of $110.71 billion, a P/E ratio of -50.80 and a beta of 1.54.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. UBS Group lowered their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $222.41.

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.