Montag A & Associates Inc. Purchases 5,880 Shares of The Boeing Company (NYSE:BA)

Montag A & Associates Inc. raised its position in The Boeing Company (NYSE:BA - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,790 shares of the aircraft producer's stock after acquiring an additional 5,880 shares during the quarter. Montag A & Associates Inc.'s holdings in Boeing were worth $12,196,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BA. Patton Albertson Miller Group LLC purchased a new position in Boeing in the fourth quarter worth about $219,000. Abacus Wealth Partners LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $269,000. Advantage Trust Co purchased a new position in shares of Boeing during the 4th quarter valued at about $212,000. US Asset Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $374,000. Finally, Delos Wealth Advisors LLC lifted its position in shares of Boeing by 6,666.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 203 shares of the aircraft producer's stock valued at $53,000 after buying an additional 200 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. Citigroup lowered their price objective on Boeing from $252.00 to $224.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. Stifel Nicolaus lowered their price objective on Boeing from $270.00 to $260.00 and set a "buy" rating on the stock in a research report on Wednesday, April 10th. Morgan Stanley lowered their price objective on Boeing from $235.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 10th. Royal Bank of Canada lowered their price objective on Boeing from $225.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. Finally, Susquehanna lowered their price target on Boeing from $265.00 to $230.00 and set a "positive" rating on the stock in a report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $222.41.

Boeing Trading Down 1.5 %

NYSE:BA traded down $2.76 during midday trading on Friday, hitting $178.49. 3,710,432 shares of the company traded hands, compared to its average volume of 9,440,488. The firm's fifty day moving average is $181.82 and its 200-day moving average is $205.79. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The firm has a market capitalization of $109.57 billion, a P/E ratio of -50.70 and a beta of 1.54.

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.

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