Investors Asset Management of Georgia Inc. GA ADV Sells 503 Shares of The Boeing Company (NYSE:BA)

Investors Asset Management of Georgia Inc. GA ADV lessened its position in shares of The Boeing Company (NYSE:BAFree Report) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,653 shares of the aircraft producer’s stock after selling 503 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Boeing were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Bank boosted its stake in Boeing by 4.7% during 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Boeing by 1,064.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after acquiring an additional 777 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Boeing by 68.0% in the 1st 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 last quarter. Prudential PLC purchased a new stake in Boeing during the 1st quarter valued at about $836,000. Finally, Dakota Wealth Management lifted its position in Boeing by 26.7% during the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 61.33% of the company’s stock.

Boeing Trading Up 0.1 %

NYSE BA traded up $0.13 during mid-day trading on Monday, hitting $209.33. The company’s stock had a trading volume of 4,067,303 shares, compared to its average volume of 12,907,690. The firm has a market capitalization of $127.72 billion, a price-to-earnings ratio of -56.46, a PEG ratio of 18.97 and a beta of 1.56. The company’s 50 day simple moving average is $232.38 and its 200 day simple moving average is $217.35. The Boeing Company has a twelve month low of $176.25 and a twelve month high of $267.54.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted ($1.75) EPS. As a group, research analysts forecast that The Boeing Company will post 2.76 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, November 1st. Wells Fargo & Company dropped their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft raised Boeing from a “hold” rating to a “buy” rating and raised their price objective for the stock from $204.00 to $270.00 in a report on Monday, November 20th. Royal Bank of Canada dropped their price objective on shares of Boeing from $285.00 to $260.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Finally, Barclays upped their price target on Boeing from $210.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 6th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.63.

Check Out Our Latest Analysis on BA

Boeing Profile

(Free Report)

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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