IFG Advisory LLC Acquires New Holdings in The Boeing Company (NYSE:BA)

IFG Advisory LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,983 shares of the aircraft producer's stock, valued at approximately $543,000.

Other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing during the fourth quarter worth $26,000. Vima LLC bought a new position in Boeing during the 4th quarter valued at about $34,000. Hobbs Group Advisors LLC acquired a new position in Boeing in the second quarter valued at about $34,000. McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer's stock worth $37,000 after buying an additional 158 shares during the last quarter. Finally, Bfsg LLC acquired a new stake in shares of Boeing during the first quarter worth approximately $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 0.9 %

Shares of NYSE BA traded up $1.48 during trading hours on Monday, hitting $173.74. The company had a trading volume of 4,146,100 shares, compared to its average volume of 7,852,329. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The firm's 50 day moving average is $178.13 and its 200-day moving average is $181.91. The stock has a market capitalization of $106.66 billion, a P/E ratio of -48.94 and a beta of 1.56.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. The business's revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.82) EPS. On average, sell-side analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on BA. Sanford C. Bernstein cut their price target on Boeing from $222.00 to $207.00 and set an "outperform" rating for the company in a report on Monday, August 5th. Wells Fargo & Company dropped their target price on shares of Boeing from $190.00 to $185.00 and set an "equal weight" rating for the company in a research note on Friday, August 2nd. UBS Group decreased their price target 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. Baird R W upgraded shares of Boeing to a "strong-buy" rating in a research report on Monday, June 3rd. Finally, Susquehanna reiterated a "positive" rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $215.18.

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.