Intelligence Driven Advisers LLC Takes Position in The Boeing Company (NYSE:BA)


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Intelligence Driven Advisers LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 140 shares of the aircraft producer’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ironwood Investment Counsel LLC increased its position in shares of The Boeing by 2.3% during the third quarter. Ironwood Investment Counsel LLC now owns 2,512 shares of the aircraft producer’s stock valued at $415,000 after buying an additional 56 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in The Boeing by 3.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 1,912 shares of the aircraft producer’s stock worth $316,000 after purchasing an additional 58 shares during the period. Aurum Wealth Management Group LLC boosted its position in The Boeing by 3.5% in the 3rd quarter. Aurum Wealth Management Group LLC now owns 1,784 shares of the aircraft producer’s stock valued at $295,000 after buying an additional 60 shares during the period. Curbstone Financial Management Corp grew its stake in The Boeing by 2.0% in the third quarter. Curbstone Financial Management Corp now owns 3,314 shares of the aircraft producer’s stock worth $548,000 after purchasing an additional 64 shares in the last quarter. Finally, South State CORP. raised its holdings in shares of The Boeing by 1.3% in the third quarter. South State CORP. now owns 4,823 shares of the aircraft producer’s stock valued at $798,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 51.41% of the company’s stock.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of The Boeing from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, December 9th. Morgan Stanley reduced their price target on shares of The Boeing from $181.00 to $165.00 and set an “underweight” rating for the company in a research report on Thursday, October 29th. UBS Group set a $300.00 price objective on The Boeing and gave the stock a “buy” rating in a research report on Tuesday, January 5th. Alembic Global Advisors upgraded shares of The Boeing from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $184.00 in a report on Monday, September 28th. Finally, Redburn Partners reissued a “sell” rating on shares of The Boeing in a research report on Thursday, December 17th. Eight research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $221.75.

Shares of BA traded down $1.20 during trading hours on Wednesday, hitting $207.21. 8,521,346 shares of the company were exchanged, compared to its average volume of 15,441,330. The Boeing Company has a fifty-two week low of $89.00 and a fifty-two week high of $349.95. The company has a market cap of $116.98 billion, a price-to-earnings ratio of -26.41, a P/E/G ratio of 111.95 and a beta of 1.65. The firm’s fifty day moving average is $219.92 and its 200 day moving average is $183.09.

The Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 28th. The aircraft producer reported ($1.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.94. The firm had revenue of $14.14 billion for the quarter, compared to analyst estimates of $13.81 billion. Analysts expect that The Boeing Company will post -8.95 EPS for the current fiscal year.

The Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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