Montag A & Associates Inc. Grows Holdings in The Boeing Company (NYSE:BA)

Montag A & Associates Inc. raised its position in The Boeing Company (NYSE:BAFree Report) by 14.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 46,790 shares of the aircraft producer’s stock after buying an additional 5,880 shares during the period. Montag A & Associates Inc.’s holdings in Boeing were worth $12,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Brown Advisory Inc. lifted its holdings in shares of Boeing by 2.4% during the 3rd quarter. Brown Advisory Inc. now owns 43,816 shares of the aircraft producer’s stock worth $8,399,000 after acquiring an additional 1,047 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Boeing by 97.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 476,810 shares of the aircraft producer’s stock valued at $92,093,000 after buying an additional 235,847 shares during the period. Park Avenue Securities LLC purchased a new position in Boeing in the third quarter valued at approximately $1,490,000. Catalyst Financial Partners LLC raised its holdings in Boeing by 5.4% in the third quarter. Catalyst Financial Partners LLC now owns 1,416 shares of the aircraft producer’s stock valued at $271,000 after buying an additional 73 shares during the period. Finally, ARS Wealth Advisors Group LLC purchased a new position in Boeing in the third quarter valued at approximately $240,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of several research reports. The Goldman Sachs Group cut their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Morgan Stanley lowered their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Citigroup lowered their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Finally, Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $222.41.

View Our Latest Stock Analysis on Boeing

Boeing Stock Down 1.5 %

BA stock traded down $2.76 during mid-day trading on Friday, reaching $178.49. The company had a trading volume of 3,710,432 shares, compared to its average volume of 9,440,488. The stock has a market capitalization of $109.57 billion, a P/E ratio of -50.70 and a beta of 1.54. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock’s 50-day simple moving average is $181.82 and its two-hundred day simple moving average is $205.79.

Boeing Company Profile

(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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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