Pinnacle Holdings Invests $2.29 Million in Boeing

Pinnacle Holdings LLC has invested $2.29 million in The Boeing Company (NYSE:BA) by purchasing 10,566 shares of its stock during the second quarter.

This investment is part of a larger trend of institutional investors increasing their stakes in Boeing. Vanguard Group Inc., for example, increased its position in Boeing by 5.1% during the fourth quarter and now owns 70,989,438 shares valued at approximately $15,413,227,000.

The investment community's views on Boeing are mixed, with several analysts issuing downgrades or lowering their price targets. Citigroup, for instance, downgraded Boeing from a 'buy' rating to a 'sell' rating in August, while Argus upgraded the company from a 'hold' rating to a 'buy' rating and set a target price of $265.00.