Pinnacle Wealth Management Advisory Group LLC Has $1.54 Million Stake in The Boeing Company (NYSE:BA)

Pinnacle Wealth Management Advisory Group LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 4.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,899 shares of the aircraft producer’s stock after selling 264 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Boeing were worth $1,538,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BA. Trust Co. of Vermont increased its holdings in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC raised its holdings in Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares in the last quarter. WealthPlan Investment Management LLC boosted its stake in shares of Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after purchasing an additional 49 shares in the last quarter. RB Capital Management LLC increased its position in shares of Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after buying an additional 50 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BA. Deutsche Bank Aktiengesellschaft decreased their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Morgan Stanley dropped their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Finally, StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $222.41.

Boeing Trading Up 2.1 %

BA traded up $3.64 during trading on Wednesday, hitting $180.35. 4,872,231 shares of the company traded hands, compared to its average volume of 9,552,833. The company has a market cap of $110.71 billion, a PE ratio of -50.80 and a beta of 1.54. The stock’s 50-day simple moving average is $182.80 and its two-hundred day simple moving average is $206.14. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

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.