4,346 Shares in The Boeing Company (NYSE:BA) Bought by Advyzon Investment Management LLC

Advyzon Investment Management 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 Securities and Exchange Commission. The institutional investor acquired 4,346 shares of the aircraft producer’s stock, valued at approximately $769,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.7 %

Shares of NYSE BA opened at $186.20 on Thursday. The firm has a 50-day moving average of $176.32 and a two-hundred day moving average of $164.20. The company has a market capitalization of $139.66 billion, a price-to-earnings ratio of -10.16 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10.

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

Analyst Ratings Changes

BA has been the topic of a number of recent research reports. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.