High Net Worth Advisory Group LLC Has $354,000 Stake in The Boeing Company (NYSE:BA)

High Net Worth Advisory Group LLC grew its stake in The Boeing Company (NYSE:BA) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the aircraft producer’s stock after buying an additional 310 shares during the period. High Net Worth Advisory Group LLC’s holdings in Boeing were worth $354,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BA. Dark Forest Capital Management LP bought a new position in shares of Boeing in the second quarter valued at approximately $309,000. The Manufacturers Life Insurance Company grew its stake in Boeing by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 438,428 shares of the aircraft producer’s stock valued at $79,798,000 after buying an additional 3,869 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Boeing by 1.8% in the 2nd quarter. Mackenzie Financial Corp now owns 196,076 shares of the aircraft producer’s stock worth $35,688,000 after acquiring an additional 3,384 shares during the period. Magnolia Capital Advisors LLC acquired a new position in Boeing during the 2nd quarter worth $12,004,000. Finally, Coastal Bridge Advisors LLC lifted its position in Boeing by 7.0% during the 2nd quarter. Coastal Bridge Advisors LLC now owns 7,246 shares of the aircraft producer’s stock worth $1,319,000 after acquiring an additional 476 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.4 %

NYSE BA opened at $175.95 on Monday. The firm has a market cap of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The company has a 50 day moving average of $166.42 and a 200-day moving average of $164.42.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Susquehanna reduced their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Citigroup dropped their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday. Finally, TD Cowen reduced their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.11.

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.