Gilliland Jeter Wealth Management LLC Acquires Shares of 1,393 The Boeing Company (NYSE:BA)

Gilliland Jeter Wealth Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,393 shares of the aircraft producer’s stock, valued at approximately $363,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CNB Bank boosted its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Evolution Advisers Inc. acquired a new stake in Boeing during the fourth quarter valued at $28,000. Lowe Wealth Advisors LLC acquired a new stake in Boeing during the third quarter valued at $43,000. Naples Money Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth about $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after buying an additional 94 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BA shares. UBS Group dropped their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Morgan Stanley reduced their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Finally, Stifel Nicolaus reduced their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $222.41.

Boeing Stock Up 0.2 %

Shares of BA traded up $0.41 during trading hours on Friday, reaching $167.22. The stock had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The firm has a 50-day moving average of $186.53 and a 200 day moving average of $206.46. The company has a market cap of $102.65 billion, a P/E ratio of -47.12, a P/E/G ratio of 140.08 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.75) EPS. As a group, equities analysts expect that The Boeing Company will post 0.3 earnings per share for the current 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.