560 Shares in The Boeing Company (NYSE:BA) Acquired by Pacific Capital Wealth Advisors Inc.

Pacific Capital Wealth Advisors Inc. bought a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 560 shares of the aircraft producer’s stock, valued at approximately $146,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of Boeing by 3.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock valued at $6,118,000 after purchasing an additional 1,133 shares during the last quarter. Brown Advisory Inc. lifted its position in Boeing by 2.4% in the third quarter. Brown Advisory Inc. now owns 43,816 shares of the aircraft producer’s stock valued at $8,399,000 after buying an additional 1,047 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Boeing by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,760 shares of the aircraft producer’s stock worth $19,505,000 after buying an additional 2,344 shares during the period. Signature Estate & Investment Advisors LLC increased its position in shares of Boeing by 13.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,254 shares of the aircraft producer’s stock valued at $433,000 after acquiring an additional 259 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of Boeing by 3.4% in the 3rd quarter. Brighton Jones LLC now owns 17,440 shares of the aircraft producer’s stock valued at $3,343,000 after acquiring an additional 572 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on BA shares. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Morgan Stanley cut their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. UBS Group decreased their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. 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. Based on data from MarketBeat, Boeing currently has a consensus rating of “Hold” and an average target price of $222.41.

Boeing Trading Up 2.1 %

Shares of NYSE:BA traded up $3.64 during midday trading on Wednesday, hitting $180.35. The stock had a trading volume of 4,872,231 shares, compared to its average volume of 9,552,833. The company has a market capitalization of $110.71 billion, a PE ratio of -50.80 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 has a 50 day moving average price of $182.80 and a two-hundred day moving average price of $206.14.

Boeing 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.