Investor s Fiduciary Advisor Network LLC bought 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 & Exchange Commission. The fund bought 1,486 shares of the aircraft producer's stock, valued at approximately $263,000.
Several other hedge funds have also added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the fourth quarter valued at $28,000. HighMark Wealth Management LLC lifted its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in shares of Boeing by 113.1% during the fourth 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 in the last quarter. 64.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BA. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $140.00 price target (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $203.60.
Check Out Our Latest Research Report on Boeing
Insider Activity
In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.
Boeing Stock Up 0.5%
Boeing stock traded up $0.92 during midday trading on Wednesday, reaching $204.34. 16,693,072 shares of the stock traded hands, compared to its average volume of 9,189,557. The stock's fifty day moving average is $168.61 and its 200-day moving average is $167.55. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $209.19. The stock has a market cap of $154.07 billion, a P/E ratio of -11.15 and a beta of 1.41.
Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the company posted ($1.13) earnings per share. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal 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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