Private Advisor Group LLC Lowers Holdings in The Boeing Company (NYSE:BA)

Private Advisor Group LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,722 shares of the aircraft producer’s stock after selling 5,699 shares during the period. Private Advisor Group LLC’s holdings in Boeing were worth $11,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Boeing by 90.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock valued at $10,809,000 after purchasing an additional 33,695 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Boeing by 10.4% during the third quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer’s stock worth $3,530,000 after buying an additional 2,179 shares during the period. MFA Wealth Advisors LLC boosted its position in Boeing by 967.8% during the 3rd quarter. MFA Wealth Advisors LLC now owns 16,027 shares of the aircraft producer’s stock valued at $2,437,000 after acquiring an additional 14,526 shares in the last quarter. Capital Investment Counsel Inc increased its holdings in shares of Boeing by 18.4% in the 3rd quarter. Capital Investment Counsel Inc now owns 2,375 shares of the aircraft producer’s stock valued at $361,000 after acquiring an additional 369 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BA shares. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Robert W. Baird cut their price objective 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. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Finally, Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Trading Down 2.9 %

Shares of NYSE BA opened at $180.77 on Friday. The company has a 50 day simple moving average of $176.58 and a two-hundred day simple moving average of $164.32. The stock has a market cap of $135.59 billion, a price-to-earnings ratio of -9.87 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. Analysts forecast that The Boeing Company will post -2.32 EPS 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.