Private Advisor Group LLC Buys 1,537 Shares of The Boeing Company (NYSE:BA)

Private Advisor Group LLC increased its stake in The Boeing Company (NYSE:BA) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,164 shares of the aircraft producer’s stock after purchasing an additional 1,537 shares during the quarter. Private Advisor Group LLC’s holdings in Boeing were worth $27,934,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BA. Robeco Institutional Asset Management B.V. grew its position in shares of Boeing by 3.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock valued at $6,118,000 after purchasing an additional 1,133 shares in the last quarter. Brown Advisory Inc. increased its position in Boeing by 2.4% during the third quarter. Brown Advisory Inc. now owns 43,816 shares of the aircraft producer’s stock valued at $8,399,000 after acquiring an additional 1,047 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Boeing by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,760 shares of the aircraft producer’s stock valued at $19,505,000 after acquiring an additional 2,344 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in Boeing by 13.0% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,254 shares of the aircraft producer’s stock worth $433,000 after buying an additional 259 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in Boeing by 3.4% during the third quarter. Brighton Jones LLC now owns 17,440 shares of the aircraft producer’s stock valued at $3,343,000 after buying an additional 572 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.8 %

NYSE:BA traded down $1.41 during trading hours on Monday, reaching $178.38. 11,895,055 shares of the stock were exchanged, compared to its average volume of 9,657,226. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business has a 50-day moving average of $183.29 and a two-hundred day moving average of $206.17. The company has a market capitalization of $109.50 billion, a price-to-earnings ratio of -50.25 and a beta of 1.54.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BA. TD Cowen lowered their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Bank of America cut their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Argus cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. lowered their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, The Goldman Sachs Group lowered their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Boeing presently has a consensus rating of “Hold” and a consensus price target of $222.41.

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.