Bay Rivers Group Has $1.31 Million Holdings in The Boeing Company (NYSE:BA)

Bay Rivers Group grew its position in shares of The Boeing Company (NYSE:BA) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,416 shares of the aircraft producer’s stock after purchasing an additional 70 shares during the quarter. Bay Rivers Group’s holdings in Boeing were worth $1,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing in the 3rd quarter valued at about $30,000. Planning Capital Management Corp boosted its position in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Albion Financial Group UT grew its stake in 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 purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $175.09 on Tuesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The firm has a market capitalization of $108.24 billion, a P/E ratio of -13.57 and a beta of 1.52. The company’s 50-day moving average is $166.42 and its 200 day moving average is $164.29.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.