West Family Investments Inc. Acquires Shares of 2,349 The Boeing Company (NYSE:BA)

West Family Investments Inc. acquired a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,349 shares of the aircraft producer’s stock, valued at approximately $416,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sierra Ocean LLC purchased a new position in shares of Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC lifted its position in shares of 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 buying an additional 90 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $158.52 on Friday. The firm has a market cap of $118.90 billion, a P/E ratio of -8.65 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $203.80. The business’s 50 day moving average price is $175.56 and its 200-day moving average price is $164.45.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BA. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

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.