PFG Advisors Has $791,000 Stock Position in The Boeing Company (NYSE:BA)

PFG Advisors reduced its stake in shares of The Boeing Company (NYSE:BA) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,468 shares of the aircraft producer’s stock after selling 167 shares during the quarter. PFG Advisors’ holdings in Boeing were worth $791,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BA. Assetmark Inc. grew its holdings in shares of Boeing by 65.2% during the 3rd quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 417 shares in the last quarter. First National Trust Co lifted its position in shares of Boeing by 5.5% during the 3rd quarter. First National Trust Co now owns 3,316 shares of the aircraft producer’s stock worth $504,000 after buying an additional 172 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Boeing by 10.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 8,146 shares of the aircraft producer’s stock worth $1,239,000 after buying an additional 787 shares during the last quarter. Haverford Trust Co lifted its position in shares of Boeing by 10.5% during the 3rd quarter. Haverford Trust Co now owns 3,140 shares of the aircraft producer’s stock worth $477,000 after buying an additional 298 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Boeing by 98.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 49,662 shares of the aircraft producer’s stock worth $7,551,000 after buying an additional 24,625 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $159.05 on Friday. The business has a 50 day simple moving average of $173.39 and a 200 day simple moving average of $163.76. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The stock has a market capitalization of $119.30 billion, a P/E ratio of -8.68 and a beta of 1.53.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 earnings per share 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.