Enterprise Financial Services Corp Acquires 81 Shares of The Boeing Company (NYSE:BA)

Enterprise Financial Services Corp lifted its position in shares of The Boeing Company (NYSE:BA) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,756 shares of the aircraft producer’s stock after acquiring an additional 81 shares during the quarter. Enterprise Financial Services Corp’s holdings in Boeing were worth $488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Raymond James Financial Inc. purchased a new position in shares of Boeing during the 4th quarter valued at about $230,944,000. Amundi grew its position in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after buying an additional 1,055,472 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after buying an additional 981,796 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

Boeing Price Performance

BA stock opened at $154.20 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $203.80. The firm has a market cap of $115.66 billion, a PE ratio of -8.42 and a beta of 1.53. The firm has a 50 day simple moving average of $175.03 and a 200 day simple moving average of $164.22.

Boeing (NYSE:BA) last released 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 quarter last year, the business earned ($0.47) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BA. UBS Group lifted their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Finally, Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.