Liberty Square Wealth Partners LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,094 shares of the aircraft producer's stock, valued at approximately $386,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new position in Boeing during the 4th quarter worth $26,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter valued at about $28,000. HighMark Wealth Management LLC boosted its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares during the period. Anfield Capital Management LLC increased its position in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing in the fourth quarter valued at $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently issued reports on BA. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and upped their target price for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Melius Research set a $204.00 target price on shares of Boeing in a research note on Monday, March 24th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Susquehanna restated a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $204.35.
Check Out Our Latest Research Report on Boeing
Insider Buying and Selling at Boeing
In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by insiders.
Boeing Stock Down 0.5%
Shares of NYSE:BA traded down $1.07 during trading on Tuesday, hitting $201.29. 5,841,298 shares of the company traded hands, compared to its average volume of 9,156,486. The business's fifty day moving average is $176.77 and its 200-day moving average is $170.98. The stock has a market capitalization of $151.77 billion, a price-to-earnings ratio of -10.99 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $209.66.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.13) EPS. On average, analysts forecast that The Boeing Company will post -2.58 EPS for the current year.
About Boeing
(
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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