Verdence Capital Advisors LLC Has $2.21 Million Holdings in The Boeing Company (NYSE:BA)

Verdence Capital Advisors LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,478 shares of the aircraft producer’s stock after selling 1,094 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Boeing were worth $2,209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC lifted its position in Boeing by 121.6% during the 4th 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 during the period. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction 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 owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, UBS Group increased their price target 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Trading Up 2.8 %

NYSE:BA opened at $163.34 on Thursday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $203.80. The firm has a fifty day simple moving average of $176.00 and a 200 day simple moving average of $164.49. The stock has a market capitalization of $122.52 billion, a PE ratio of -8.92 and a beta of 1.52.

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

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.