Integrated Advisors Network LLC Buys 341 Shares of The Boeing Company (NYSE:BA)

Integrated Advisors Network LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,897 shares of the aircraft producer’s stock after acquiring an additional 341 shares during the period. Integrated Advisors Network LLC’s holdings in Boeing were worth $5,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $28,000. Naples Money Management LLC purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $44,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $48,000. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Citigroup lowered their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Morgan Stanley lowered 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 lowered their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Melius Research reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

Boeing Price Performance

Shares of BA stock traded down $3.43 on Friday, hitting $177.27. 5,105,974 shares of the company’s stock traded hands, compared to its average volume of 5,770,378. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The company’s fifty day simple moving average is $177.44 and its 200 day simple moving average is $202.58.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Research analysts predict that The Boeing Company will post -1.48 earnings per share for the current year.

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.