Pacific Capital Wealth Advisors Inc. Makes New Investment in The Boeing Company (NYSE:BA)

Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 560 shares of the aircraft producer’s stock, valued at approximately $146,000.

Other institutional investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in Boeing during the 4th quarter worth $28,000. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter valued at about $28,000. CNB Bank increased its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. Naples Money Management LLC bought a new stake in shares of Boeing during the 4th quarter worth about $44,000. Finally, M&R Capital Management Inc. lifted its stake in shares of Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their target price on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. decreased their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Royal Bank of Canada dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $222.41.

Boeing Price Performance

Boeing stock traded up $3.64 during trading hours on Wednesday, hitting $180.35. The company had a trading volume of 4,872,231 shares, compared to its average volume of 9,552,833. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The firm’s fifty day moving average is $182.80 and its 200-day moving average is $206.14. The firm has a market capitalization of $110.71 billion, a P/E ratio of -50.80 and a beta of 1.54.

Boeing Company 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.