United Advisor Group LLC Makes New $369,000 Investment in The Boeing Company (NYSE:BA)

United Advisor Group LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,427 shares of the aircraft producer’s stock, valued at approximately $369,000.

A number of other large investors also recently modified their holdings of BA. Hobbs Group Advisors LLC bought a new position in Boeing during the 2nd quarter valued at about $34,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the second quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Boeing during the second quarter valued at about $39,000. Finally, Pathway Financial Advisers LLC acquired a new position in Boeing during the 1st quarter valued at approximately $53,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $147.18 on Thursday. The company has a 50 day moving average price of $156.17 and a 200 day moving average price of $170.60. The Boeing Company has a 52 week low of $144.13 and a 52 week high of $267.54. The firm has a market capitalization of $90.99 billion, a price-to-earnings ratio of -11.41 and a beta of 1.57.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.26) EPS. Equities analysts forecast that The Boeing Company will post -16.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BA shares. Stifel Nicolaus upped their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. cut their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Finally, TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $190.37.

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.