PFG Investments LLC Acquires 1,194 Shares of The Boeing Company (NYSE:BA)

PFG Investments LLC raised its holdings in The Boeing Company (NYSE:BA) by 6.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,251 shares of the aircraft producer’s stock after purchasing an additional 1,194 shares during the period. PFG Investments LLC’s holdings in Boeing were worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IMS Capital Management increased its holdings in Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after buying an additional 62 shares during the period. Sterneck Capital Management LLC grew its holdings in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after purchasing an additional 66 shares during the last quarter. Peoples Financial Services CORP. grew its holdings in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 67 shares during the last quarter. GSG Advisors LLC grew its holdings in shares of Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after purchasing an additional 67 shares during the last quarter. Finally, Altus Wealth Group LLC grew its holdings in shares of Boeing by 5.7% in the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BA. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Robert W. Baird cut their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. 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 lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup lowered their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Price Performance

Shares of Boeing stock opened at $175.95 on Monday. The business has a fifty day simple moving average of $166.42 and a two-hundred day simple moving average of $164.42. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52.

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.