RIA Advisory Group LLC Acquires New Shares in The Boeing Company (NYSE:BA)

RIA Advisory Group LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,053 shares of the aircraft producer’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. United Bank increased its stake in Boeing by 4.7% in the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after acquiring an additional 226 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Boeing by 1,064.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after purchasing an additional 777 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Boeing by 68.0% in the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 2,879 shares in the last quarter. Prudential PLC purchased a new position in shares of Boeing in the 1st quarter worth about $836,000. Finally, Dakota Wealth Management boosted its holdings in shares of Boeing by 26.7% in the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after purchasing an additional 448 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. TD Cowen cut their price objective on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday. Finally, Stifel Nicolaus dropped their target price on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $229.35.

Boeing Price Performance

BA traded down $0.41 during midday trading on Friday, reaching $169.82. 4,681,975 shares of the company’s stock traded hands, compared to its average volume of 9,703,034. The firm has a fifty day moving average of $191.08 and a two-hundred day moving average of $207.28. The stock has a market capitalization 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 Boeing Company has a 52 week low of $167.53 and a 52 week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned ($1.75) EPS. Sell-side analysts forecast that The Boeing Company will post 0.37 EPS for the current 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.