Client 1ST Advisory Group LLC Takes $215,000 Position in The Boeing Company (NYSE:BA)

Client 1ST Advisory Group LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,217 shares of the aircraft producer’s stock, valued at approximately $215,000.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Boeing by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after buying an additional 7,739 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Boeing by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 21,454 shares of the aircraft producer’s stock worth $3,905,000 after acquiring an additional 317 shares during the last quarter. AE Wealth Management LLC grew its holdings in Boeing by 19.5% during the 2nd quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock worth $2,985,000 after acquiring an additional 2,678 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Boeing by 5.3% in the 2nd quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock valued at $7,515,000 after purchasing an additional 2,066 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Boeing by 4.7% during the 2nd quarter. Sei Investments Co. now owns 245,647 shares of the aircraft producer’s stock worth $44,710,000 after purchasing an additional 11,092 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BA shares. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Citigroup reduced their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, UBS Group reduced their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Performance

NYSE:BA opened at $171.14 on Monday. The stock has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59. The stock has a fifty day moving average price of $163.15 and a two-hundred day moving average price of $164.75.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -16.43 EPS for the current year.

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.