Northern Financial Advisors Inc Raises Stock Position in The Boeing Company (NYSE:BA)

Northern Financial Advisors Inc grew its stake in shares of The Boeing Company (NYSE:BA) by 16.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,936 shares of the aircraft producer’s stock after acquiring an additional 411 shares during the period. Northern Financial Advisors Inc’s holdings in Boeing were worth $765,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in Boeing by 3.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock valued at $6,118,000 after buying an additional 1,133 shares during the period. Brown Advisory Inc. increased its holdings in shares of Boeing by 2.4% in the 3rd 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Boeing by 2.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,760 shares of the aircraft producer’s stock worth $19,505,000 after acquiring an additional 2,344 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its position in Boeing by 13.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,254 shares of the aircraft producer’s stock valued at $433,000 after purchasing an additional 259 shares in the last quarter. Finally, Brighton Jones LLC boosted its position 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 purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.8 %

Shares of Boeing stock traded up $1.46 on Wednesday, reaching $178.17. 1,654,144 shares of the stock were exchanged, compared to its average volume of 9,515,730. The business has a 50 day moving average price of $182.80 and a two-hundred day moving average price of $206.14. The firm has a market capitalization of $109.37 billion, a price-to-earnings ratio of -50.10 and a beta of 1.54. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. TD Cowen lowered their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Wells Fargo & Company reduced their price target on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, Royal Bank of Canada decreased their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Hold” and a consensus target price of $222.41.

Boeing Company 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.