The Boeing Company (NYSE:BA) Stake Lifted by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in The Boeing Company (NYSE:BA) by 25.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,738 shares of the aircraft producer’s stock after purchasing an additional 10,808 shares during the period. Jones Financial Companies Lllp’s holdings in Boeing were worth $9,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC raised its stake 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. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Citigroup raised their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company boosted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Boeing stock opened at $170.24 on Tuesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $203.80. The firm has a market capitalization of $127.69 billion, a price-to-earnings ratio of -9.29 and a beta of 1.52. The company has a 50 day moving average price of $176.72 and a 200 day moving average price of $164.64.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value 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 $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Boeing Company Profile

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.