The Boeing Company (NYSE:BA) Shares Bought by TCG Advisory Services LLC

TCG Advisory Services LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 636.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,810 shares of the aircraft producer’s stock after acquiring an additional 17,986 shares during the period. TCG Advisory Services LLC’s holdings in Boeing were worth $5,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Forte Capital LLC ADV boosted its position in shares of Boeing by 32.4% during the fourth quarter. Forte Capital LLC ADV now owns 2,209 shares of the aircraft producer’s stock worth $576,000 after buying an additional 541 shares during the period. First National Trust Co boosted its holdings in Boeing by 6.3% during the 4th quarter. First National Trust Co now owns 3,787 shares of the aircraft producer’s stock valued at $987,000 after acquiring an additional 225 shares during the period. Royal Fund Management LLC grew its position in Boeing by 4.5% in the 4th quarter. Royal Fund Management LLC now owns 11,985 shares of the aircraft producer’s stock valued at $3,124,000 after acquiring an additional 514 shares in the last quarter. AJOVista LLC purchased a new stake in Boeing during the fourth quarter worth about $125,000. Finally, Baxter Bros Inc. lifted its position in shares of Boeing by 68.1% during the fourth quarter. Baxter Bros Inc. now owns 3,776 shares of the aircraft producer’s stock worth $984,000 after purchasing an additional 1,530 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BA shares. Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Bank of America decreased their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. The Goldman Sachs Group decreased their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Finally, Stifel Nicolaus reduced their target price on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Two 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $222.41.

Boeing Trading Up 0.5 %

Shares of Boeing stock traded up $0.94 during trading on Friday, reaching $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The firm has a market cap of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54. The company has a 50-day moving average price of $183.74 and a two-hundred day moving average price of $205.91. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted ($1.75) EPS. On average, analysts predict that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

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.