Pinnacle Advisory Group Inc. Raises Position in Boeing Co (BA)

Pinnacle Advisory Group Inc. increased its position in shares of Boeing Co (NYSE:BA) by 37.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,574 shares of the aircraft producer’s stock after purchasing an additional 431 shares during the quarter. Pinnacle Advisory Group Inc.’s holdings in Boeing were worth $508,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howe & Rusling Inc. grew its holdings in shares of Boeing by 1.3% during the 4th quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock worth $779,000 after purchasing an additional 31 shares during the period. Spectrum Management Group Inc. grew its holdings in shares of Boeing by 0.3% during the 4th quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock worth $4,238,000 after purchasing an additional 33 shares during the period. Nikulski Financial Inc. grew its holdings in shares of Boeing by 1.3% during the 4th quarter. Nikulski Financial Inc. now owns 2,644 shares of the aircraft producer’s stock worth $853,000 after purchasing an additional 34 shares during the period. Kanawha Capital Management LLC grew its holdings in shares of Boeing by 5.1% during the 4th quarter. Kanawha Capital Management LLC now owns 727 shares of the aircraft producer’s stock worth $234,000 after purchasing an additional 35 shares during the period. Finally, Hartford Financial Management Inc. grew its holdings in shares of Boeing by 0.6% during the 4th quarter. Hartford Financial Management Inc. now owns 6,134 shares of the aircraft producer’s stock worth $1,978,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 69.76% of the company’s stock.

BA stock opened at $381.72 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 25.99. The stock has a market capitalization of $211.94 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.97 and a beta of 1.33. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.96. The company had revenue of $28.34 billion for the quarter, compared to analyst estimates of $26.76 billion. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. Boeing’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.04 EPS. Equities analysts forecast that Boeing Co will post 17.07 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Boeing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Cowen reissued a “buy” rating and set a $460.00 target price on shares of Boeing in a research note on Monday, April 8th. Credit Suisse Group reissued a “buy” rating and set a $440.00 target price on shares of Boeing in a research note on Friday, April 12th. ValuEngine lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Wolfe Research set a $436.00 target price on Boeing and gave the stock a “buy” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $411.47.

In other Boeing news, SVP Heidi B. Capozzi sold 2,916 shares of the stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total value of $1,198,009.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Timothy John Keating sold 26,557 shares of the stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $395.47, for a total value of $10,502,496.79. The disclosure for this sale can be found here. Insiders sold a total of 72,247 shares of company stock worth $28,922,977 in the last ninety days. 0.23% of the stock is owned by corporate insiders.

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About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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