Nations Financial Group Inc. IA ADV Sells 350 Shares of The Boeing Company (NYSE:BA)

Nations Financial Group Inc. IA ADV lessened its position in The Boeing Company (NYSE:BAFree Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,231 shares of the aircraft producer’s stock after selling 350 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Boeing were worth $1,103,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Blueprint LLC lifted its holdings in shares of Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after buying an additional 4,622 shares in the last quarter. Orca Investment Management LLC lifted its holdings in Boeing by 5.5% during the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after buying an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC bought a new stake in Boeing during the 4th quarter valued at about $205,000. Finally, Morse Asset Management Inc lifted its holdings in Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Royal Bank of Canada decreased their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company lowered their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Barclays lowered their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday, April 22nd. Finally, The Goldman Sachs Group lowered their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $221.24.

Read Our Latest Research Report on BA

Boeing Stock Up 1.3 %

Shares of NYSE:BA traded up $2.31 during midday trading on Friday, reaching $174.52. The company’s stock had a trading volume of 9,489,380 shares, compared to its average volume of 6,679,203. The firm has a market capitalization of $107.13 billion, a PE ratio of -49.16 and a beta of 1.54. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a fifty day moving average of $179.01 and a 200 day moving average of $205.53.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Sell-side analysts anticipate that The Boeing Company will post -1.11 earnings per share for the current fiscal year.

About Boeing

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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