Pinnacle Wealth Management Advisory Group LLC cut its stake in The Boeing Company (NYSE:BA – Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.
Other hedge funds have also modified their holdings of the company. National Pension Service boosted its holdings in Boeing by 2.0% in the fourth quarter. National Pension Service now owns 856,491 shares of the aircraft producer’s stock valued at $223,253,000 after purchasing an additional 16,605 shares during the last quarter. Bogart Wealth LLC grew its holdings in Boeing by 18.3% during the 4th quarter. Bogart Wealth LLC now owns 1,045 shares of the aircraft producer’s stock worth $272,000 after acquiring an additional 162 shares in the last quarter. RMR Wealth Builders acquired a new stake in shares of Boeing in the 4th quarter valued at about $285,000. Picton Mahoney Asset Management grew its stake in Boeing by 3.5% in the fourth quarter. Picton Mahoney Asset Management now owns 97,980 shares of the aircraft producer’s stock worth $25,539,000 after purchasing an additional 3,313 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $239,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Trading Up 2.1 %
NYSE:BA traded up $3.64 during trading hours on Wednesday, hitting $180.35. 4,872,231 shares of the company traded hands, compared to its average volume of 9,552,833. The firm has a 50-day moving average of $182.80 and a 200 day moving average of $206.14. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a market capitalization of $110.71 billion, a price-to-earnings ratio of -50.80 and a beta of 1.54.
Analyst Ratings Changes
Check Out Our Latest Report on Boeing
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.
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