1834 Investment Advisors Co. Takes $224,000 Position in The Boeing Company (NYSE:BA)

1834 Investment Advisors Co. purchased a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,265 shares of the aircraft producer’s stock, valued at approximately $224,000.

A number of other large investors have also bought and sold shares of the stock. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the 3rd quarter worth $30,000. Albion Financial Group UT increased its position in shares of Boeing by 116.1% in the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares during the period. Finally, Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Trading Down 1.4 %

NYSE BA opened at $175.95 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The stock’s fifty day moving average price is $166.42 and its 200-day moving average price is $164.42. The stock has a market cap of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52.

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.