PFG Investments LLC Has $3.78 Million Stake in The Boeing Company (NYSE:BA)

PFG Investments LLC grew its stake in The Boeing Company (NYSE:BA - Free Report) by 467.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,584 shares of the aircraft producer's stock after purchasing an additional 16,132 shares during the period. PFG Investments LLC's holdings in Boeing were worth $3,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC lifted its holdings in shares of Boeing by 2.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 24,850 shares of the aircraft producer's stock worth $4,763,000 after acquiring an additional 545 shares during the period. Park Place Capital Corp lifted its holdings in shares of Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer's stock worth $40,000 after acquiring an additional 137 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Boeing by 81.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,788 shares of the aircraft producer's stock worth $331,000 after acquiring an additional 800 shares during the period. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Boeing by 26.7% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 1,498 shares of the aircraft producer's stock worth $287,000 after acquiring an additional 316 shares during the period. Finally, Strategic Blueprint LLC lifted its holdings in shares of Boeing by 24.4% during the 3rd quarter. Strategic Blueprint LLC now owns 3,031 shares of the aircraft producer's stock worth $581,000 after acquiring an additional 595 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BA. TD Cowen cut their price target on shares of Boeing from $275.00 to $230.00 and set an "outperform" rating for the company in a report on Monday, March 25th. Wells Fargo & Company cut their price target on shares of Boeing from $225.00 to $215.00 and set an "equal weight" rating for the company in a report on Thursday, February 1st. JPMorgan Chase & Co. dropped their target price on shares of Boeing from $230.00 to $210.00 and set an "overweight" rating for the company in a research note on Friday, April 12th. Melius Research reaffirmed a "hold" rating on shares of Boeing in a research note on Monday, April 1st. Finally, Royal Bank of Canada dropped their target price on shares of Boeing from $225.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $222.41.

Boeing Trading Up 0.2 %

Shares of BA stock traded up $0.41 during trading hours on Friday, hitting $167.22. 7,208,103 shares of the company were exchanged, compared to its average volume of 7,379,195. The business has a 50 day moving average of $186.53 and a two-hundred day moving average of $206.55. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company has a market capitalization of $102.65 billion, a PE ratio of -47.10, a PEG ratio of 140.08 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the company posted ($1.75) EPS. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post 0.3 EPS for the current 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.