All Terrain Financial Advisors LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,500 shares of the aircraft producer's stock, valued at approximately $266,000.
Other hedge funds have also recently made changes to their positions in the company. Keynote Financial Services LLC lifted its position in Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. increased its stake in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after acquiring an additional 59 shares during the period. Center for Financial Planning Inc. boosted its stake in Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after acquiring an additional 60 shares in the last quarter. Finally, Trek Financial LLC grew its holdings in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after purchasing an additional 60 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Boeing
In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.09% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Morgan Stanley raised their price target on Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Citigroup upped their price target on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, UBS Group raised their price objective on shares of Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.90.
Get Our Latest Stock Report on Boeing
Boeing Trading Up 1.4 %
BA stock traded up $2.60 during trading on Friday, reaching $185.49. The stock had a trading volume of 8,681,274 shares, compared to its average volume of 9,062,111. The firm has a market cap of $139.86 billion, a PE ratio of -10.13 and a beta of 1.40. The stock's 50 day moving average is $165.14 and its two-hundred day moving average is $165.82. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95.
Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned ($1.13) EPS. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.
Boeing Profile
(
Free Report)
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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