839 Shares in The Boeing Company (NYSE:BA) Purchased by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC purchased a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 839 shares of the aircraft producer’s stock, valued at approximately $219,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Boeing by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares during the period. Morgan Stanley raised its stake in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after buying an additional 91,801 shares during the period. Northern Trust Corp lifted its position in shares of Boeing by 3.2% during the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after buying an additional 153,168 shares in the last quarter. Jennison Associates LLC acquired a new stake in Boeing in the 4th quarter valued at $960,397,000. Finally, Invesco Ltd. increased its holdings in Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after acquiring an additional 759,267 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of Boeing stock traded up $0.94 during trading hours on Thursday, reaching $181.29. 5,094,057 shares of the company were exchanged, compared to its average volume of 9,504,012. The firm has a market cap of $111.29 billion, a PE ratio of -51.06 and a beta of 1.54. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The stock’s fifty day moving average is $182.26 and its 200 day moving average is $205.96.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. TD Cowen dropped their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Morgan Stanley cut their price objective on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada reduced their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Barclays lowered their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Finally, Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $222.41.

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.