Patton Albertson Miller Group LLC Buys New Shares in The Boeing Company (NYSE:BA)

Patton Albertson Miller Group LLC purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel reports. The firm purchased 839 shares of the aircraft producer’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Park Avenue Securities LLC purchased a new stake in shares of Boeing during the 3rd quarter worth about $1,490,000. Smith Salley & Associates increased its position in shares of Boeing by 5.4% in the third quarter. Smith Salley & Associates now owns 1,588 shares of the aircraft producer’s stock worth $304,000 after acquiring an additional 81 shares in the last quarter. TIAA Trust National Association purchased a new position in shares of Boeing in the 3rd quarter valued at $19,729,000. Dubuque Bank & Trust Co lifted its holdings in shares of Boeing by 10.2% during the 3rd quarter. Dubuque Bank & Trust Co now owns 2,703 shares of the aircraft producer’s stock valued at $518,000 after acquiring an additional 251 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its position in Boeing by 16.6% during the 3rd quarter. Portside Wealth Group LLC now owns 5,084 shares of the aircraft producer’s stock worth $976,000 after purchasing an additional 722 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.5 %

Boeing stock traded up $0.94 during mid-day trading on Thursday, reaching $181.29. The company’s stock had a trading volume of 5,094,057 shares, compared to its average volume of 9,504,012. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business has a 50 day moving average price of $182.26 and a 200-day moving average price of $205.96. The firm has a market cap of $111.29 billion, a price-to-earnings ratio of -51.06 and a beta of 1.54.

Analysts Set New Price Targets

BA has been the topic of several research reports. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. UBS Group reduced their price target on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. TD Cowen reduced 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. Finally, StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.