Client 1ST Advisory Group LLC Invests $215,000 in The Boeing Company (NYSE:BA)

Client 1ST Advisory Group LLC bought a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 1,217 shares of the aircraft producer’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. IMS Capital Management grew its holdings in Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after purchasing an additional 62 shares in the last quarter. Sterneck Capital Management LLC raised its position in shares of Boeing by 2.3% during the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after acquiring an additional 66 shares in the last quarter. Peoples Financial Services CORP. lifted its position in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after buying an additional 67 shares during the last quarter. GSG Advisors LLC boosted its stake in Boeing by 4.7% in the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares during the period. Finally, Altus Wealth Group LLC grew its stake in Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $171.14 on Monday. The company has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The business has a fifty day simple moving average of $163.15 and a two-hundred day simple moving average of $164.75. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($3.26) EPS. As a group, equities analysts anticipate that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of several research analyst reports. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. TD Cowen decreased their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Jefferies Financial Group dropped their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.21.

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.