Pure Financial Advisors Invests Heavily in The Boeing Company
Pure Financial Advisors LLC made a new investment in The Boeing Company (NYSE:BA) during the second quarter, according to its latest 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,208 shares of the aircraft producer's stock for approximately $5,890,000. This is not the only recent purchase by Pure Financial Advisors; the company also bought new stakes in Boeing during the third and fourth quarters, worth around $25,000 each.
Boeing has a market capitalization of $167.94 billion, with a price-to-earnings ratio of 91.98. The firm's shares opened at $212.48 on Thursday, with a 50-day moving average of $221.15 and a 200-day moving average of $221.68.
Several analysts have weighed in on Boeing's stock, with one maintaining a Strong Buy rating and twelve assigning a Buy rating. However, three analysts have assigned a Sell rating to the company's shares.