Pacer Advisors Inc. Purchases 37,909 Shares of The Boeing Company (NYSE:BA)

Pacer Advisors Inc. raised its position in The Boeing Company (NYSE:BA) by 87.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,307 shares of the aircraft producer’s stock after acquiring an additional 37,909 shares during the period. Pacer Advisors Inc.’s holdings in Boeing were worth $14,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the third quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the third quarter worth about $30,000. Albion Financial Group UT grew its stake in shares of Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the last quarter. Finally, Planning Capital Management Corp increased its holdings 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 in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 1.5 %

Shares of Boeing stock opened at $177.79 on Wednesday. The firm has a market cap of $109.91 billion, a PE ratio of -13.78 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The business has a 50-day moving average price of $167.04 and a 200 day moving average price of $164.23.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the firm posted ($0.47) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -16.39 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on BA shares. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.11.

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.