1834 Investment Advisors Co. Invests $224,000 in The Boeing Company (NYSE:BA)

1834 Investment Advisors Co. bought a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,265 shares of the aircraft producer’s stock, valued at approximately $224,000.

Other large investors also recently made changes to their positions in the company. Dark Forest Capital Management LP bought a new stake in shares of Boeing during the 2nd quarter worth $309,000. The Manufacturers Life Insurance Company grew its position in Boeing by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 438,428 shares of the aircraft producer’s stock valued at $79,798,000 after buying an additional 3,869 shares during the period. Mackenzie Financial Corp increased its holdings in Boeing by 1.8% during the second quarter. Mackenzie Financial Corp now owns 196,076 shares of the aircraft producer’s stock worth $35,688,000 after buying an additional 3,384 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in Boeing in the second quarter worth about $12,004,000. Finally, Coastal Bridge Advisors LLC boosted its stake in Boeing by 7.0% in the second quarter. Coastal Bridge Advisors LLC now owns 7,246 shares of the aircraft producer’s stock valued at $1,319,000 after acquiring an additional 476 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BA shares. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. UBS Group decreased their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Trading Down 1.4 %

Shares of NYSE BA opened at $175.95 on Monday. The stock’s 50-day moving average is $166.42 and its 200 day moving average is $164.42. The stock has a market cap of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63.

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.