The Boeing Company (NYSE:BA) Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lifted its holdings in shares of The Boeing Company (NYSE:BA) by 88.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,639 shares of the aircraft producer’s stock after buying an additional 3,594 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Boeing were worth $1,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the 4th quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $184.52 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The business has a 50-day moving average of $174.96 and a two-hundred day moving average of $164.09. The stock has a market capitalization of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly 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 prior year, the firm earned ($0.47) EPS. Equities research analysts anticipate that The Boeing Company will post -2.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BA shares. Citigroup upped their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.