Advyzon Investment Management LLC Makes New Investment in The Boeing Company (NYSE:BA)

Advyzon Investment Management LLC bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,346 shares of the aircraft producer's stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Allspring Global Investments Holdings LLC lifted its stake in shares of Boeing by 90.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer's stock valued at $10,809,000 after purchasing an additional 33,695 shares during the period. Calton & Associates Inc. acquired a new position in shares of Boeing in the 3rd quarter valued at about $270,000. Sequoia Financial Advisors LLC lifted its stake in shares of Boeing by 10.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer's stock valued at $3,530,000 after purchasing an additional 2,179 shares during the period. Eastern Bank lifted its stake in shares of Boeing by 154.0% in the 3rd quarter. Eastern Bank now owns 12,120 shares of the aircraft producer's stock valued at $1,843,000 after purchasing an additional 7,348 shares during the period. Finally, Waldron Private Wealth LLC lifted its stake in shares of Boeing by 9.3% in the 3rd quarter. Waldron Private Wealth LLC now owns 5,431 shares of the aircraft producer's stock valued at $826,000 after purchasing an additional 461 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BA shares. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Robert W. Baird reduced their target price on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $195.16.

Boeing Stock Performance

BA traded down $3.54 during trading on Friday, reaching $177.34. The stock had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The stock has a market cap of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The business has a 50-day moving average of $176.58 and a 200-day moving average of $164.32.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.32 EPS for the current fiscal year.

About Boeing

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.