Investors Asset Management of Georgia Inc. GA ADV Sells 503 Shares of The Boeing Company (NYSE:BA)

Investors Asset Management of Georgia Inc. GA ADV lessened its position in The Boeing Company (NYSE:BAFree Report) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,653 shares of the aircraft producer’s stock after selling 503 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Boeing were worth $1,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BA. United Bank grew its stake in shares of Boeing by 4.7% in the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after acquiring an additional 226 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Boeing by 1,064.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after buying an additional 777 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Boeing by 68.0% during the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 2,879 shares during the period. Prudential PLC purchased a new stake in Boeing during the first quarter valued at $836,000. Finally, Dakota Wealth Management increased its position in shares of Boeing by 26.7% during the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 61.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BA shares. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, November 1st. Citigroup decreased their price objective on shares of Boeing from $285.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Barclays increased their price target on Boeing from $210.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 6th. Finally, UBS Group boosted their price objective on Boeing from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.63.

Read Our Latest Research Report on BA

Boeing Stock Up 0.1 %

Shares of NYSE:BA traded up $0.13 during midday trading on Monday, reaching $209.33. The company’s stock had a trading volume of 4,067,303 shares, compared to its average volume of 12,907,690. The firm has a market capitalization of $127.72 billion, a PE ratio of -56.46, a P/E/G ratio of 18.97 and a beta of 1.56. The stock has a fifty day moving average of $232.38 and a 200 day moving average of $217.35. The Boeing Company has a twelve month low of $176.25 and a twelve month high of $267.54.

Boeing (NYSE:BAGet Free Report) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post 2.76 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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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