RFG Advisory LLC Raises Position in The Boeing Company (NYSE:BA)

RFG Advisory LLC boosted its position in The Boeing Company (NYSE:BA) by 8.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,712 shares of the aircraft producer’s stock after purchasing an additional 210 shares during the period. RFG Advisory LLC’s holdings in Boeing were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing in the third quarter worth about $30,000. Planning Capital Management Corp grew its stake in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Albion Financial Group UT increased its holdings in Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. TD Cowen lowered their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Robert W. Baird cut their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Stock Down 0.6 %

Shares of NYSE BA opened at $175.09 on Tuesday. The company has a market cap of $108.24 billion, a price-to-earnings ratio of -13.57 and a beta of 1.52. The firm’s fifty day moving average is $166.42 and its 200 day moving average is $164.29. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $214.63.

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.