Capital Advisory Group Advisory Services LLC Takes $426,000 Position in The Boeing Company (NYSE:BA)

Capital Advisory Group Advisory Services LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,405 shares of the aircraft producer’s stock, valued at approximately $426,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $180.77 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The firm’s 50 day moving average price is $176.58 and its two-hundred day moving average price is $164.32. The firm has a market cap of $135.59 billion, a price-to-earnings ratio of -9.87 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BA. Robert W. Baird dropped their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Morgan Stanley decreased their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.