Investment Advisory Group LLC Makes New $241,000 Investment in The Boeing Company (NYSE:BA)

Investment Advisory Group LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 923 shares of the aircraft producer’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. United Bank raised its holdings in Boeing by 4.7% in the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after buying an additional 226 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Boeing by 1,064.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after purchasing an additional 777 shares in the last quarter. Panagora Asset Management Inc. raised its position in Boeing by 68.0% in the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 2,879 shares during the period. Prudential PLC acquired a new position in shares of Boeing during the first quarter worth about $836,000. Finally, Dakota Wealth Management boosted its position in shares of Boeing by 26.7% in the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after buying an additional 448 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 0.9 %

Boeing stock traded up $1.58 during mid-day trading on Tuesday, hitting $169.40. 3,826,002 shares of the company’s stock traded hands, compared to its average volume of 9,796,682. The Boeing Company has a one year low of $167.53 and a one year high of $267.54. The company has a market cap of $103.36 billion, a PE ratio of -45.69, a price-to-earnings-growth ratio of 115.71 and a beta of 1.52. The firm has a 50 day moving average price of $193.45 and a 200 day moving average price of $207.95.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The business’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. On average, analysts expect that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Royal Bank of Canada decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Northcoast Research lowered shares of Boeing from a “buy” rating to a “neutral” rating in a research note on Friday, February 23rd. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.88.

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.