Montag A & Associates Inc. Has $7.84 Million Position in The Boeing Company (NYSE:BA)

Montag A & Associates Inc. increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 43.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 40,910 shares of the aircraft producer’s stock after acquiring an additional 12,378 shares during the quarter. Montag A & Associates Inc.’s holdings in Boeing were worth $7,842,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BA. CNB Bank grew its position in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Coston McIsaac & Partners increased its position in Boeing by 62.5% during the 2nd quarter. Coston McIsaac & Partners now owns 130 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. IFS Advisors LLC increased its position in Boeing by 523.8% during the 2nd quarter. IFS Advisors LLC now owns 131 shares of the aircraft producer’s stock worth $28,000 after purchasing an additional 110 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in Boeing by 54.3% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 142 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 50 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Boeing in the 2nd quarter valued at $32,000. 61.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stifel Nicolaus started coverage on shares of Boeing in a report on Friday, December 1st. They set a “buy” rating and a $265.00 price objective on the stock. William Blair assumed coverage on shares of Boeing in a research report on Tuesday, December 12th. They issued an “outperform” rating on the stock. Northcoast Research upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $217.00 target price on the stock in a research note on Tuesday, October 31st. Citigroup reduced their target price on shares of Boeing from $285.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.63.

Read Our Latest Research Report on BA

Boeing Stock Up 0.1 %

Shares of NYSE BA traded up $0.13 during midday trading on Monday, reaching $209.33. 4,067,104 shares of the company were exchanged, compared to its average volume of 12,897,680. The stock’s 50-day moving average price is $232.38 and its 200-day moving average price is $217.35. The stock has a market cap of $127.72 billion, a P/E ratio of -56.46, a PEG ratio of 18.97 and a beta of 1.56. The Boeing Company has a one year low of $176.25 and a one year high of $267.54.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the company posted ($1.75) earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts anticipate that The Boeing Company will post 2.76 EPS for the current year.

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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