TCG Advisory Services LLC Buys 17,986 Shares of The Boeing Company (NYSE:BA)

TCG Advisory Services LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 636.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,810 shares of the aircraft producer’s stock after purchasing an additional 17,986 shares during the period. TCG Advisory Services LLC’s holdings in Boeing were worth $5,424,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BA. Robeco Institutional Asset Management B.V. increased its stake in Boeing by 3.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock worth $6,118,000 after buying an additional 1,133 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new stake in shares of Boeing during the third quarter worth about $1,354,000. Legacy Financial Group LLC bought a new stake in Boeing during the 3rd quarter valued at approximately $61,000. Bailard Inc. purchased a new position in Boeing in the 3rd quarter worth approximately $966,000. Finally, Guyasuta Investment Advisors Inc. boosted its stake in Boeing by 3.3% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 10,760 shares of the aircraft producer’s stock worth $2,062,000 after purchasing an additional 345 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BA shares. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Morgan Stanley dropped 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. The Goldman Sachs Group reduced their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Royal Bank of Canada cut their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Sanford C. Bernstein reduced their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $222.41.

Boeing Price Performance

Shares of NYSE:BA traded up $0.94 during trading hours on Friday, hitting $179.79. 5,416,263 shares of the company’s stock traded hands, compared to its average volume of 8,228,397. The business has a fifty day moving average price of $183.74 and a 200-day moving average price of $205.91. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The firm has a market capitalization of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (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 analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the firm earned ($1.75) EPS. Boeing’s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -0.18 earnings per share for the current year.

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.