1,053 Shares in The Boeing Company (NYSE:BA) Purchased by RIA Advisory Group LLC

RIA Advisory Group LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,053 shares of the aircraft producer’s stock, valued at approximately $274,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Boeing by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Boeing by 109,667.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after purchasing an additional 16,041,103 shares during the last quarter. Morgan Stanley raised its position in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Boeing by 7.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after purchasing an additional 452,721 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Boeing by 3.2% during the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after purchasing an additional 153,168 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA traded down $0.41 during mid-day trading on Friday, reaching $169.82. 4,681,975 shares of the company were exchanged, compared to its average volume of 9,703,034. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54. The firm has a market cap of $103.61 billion, a price-to-earnings ratio of -46.15, a P/E/G ratio of 116.16 and a beta of 1.52. The firm’s 50-day simple moving average is $191.08 and its 200 day simple moving average is $207.28.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the prior year, the business earned ($1.75) EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts forecast that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on BA shares. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Morgan Stanley cut their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Citigroup cut their price objective on shares of Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Sanford C. Bernstein cut their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Finally, TD Cowen cut their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $229.35.

About Boeing

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.