EverSource Wealth Advisors LLC Purchases 1,268 Shares of The Boeing Company (NYSE:BA)

EverSource Wealth Advisors LLC raised its position in shares of The Boeing Company (NYSE:BA) by 20.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,345 shares of the aircraft producer’s stock after acquiring an additional 1,268 shares during the period. EverSource Wealth Advisors LLC’s holdings in Boeing were worth $1,300,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC boosted its stake in shares of Boeing by 121.6% in the fourth 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 period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BA. Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Up 3.3 %

Shares of BA opened at $159.08 on Thursday. The stock has a market capitalization of $119.32 billion, a P/E ratio of -8.68 and a beta of 1.53. The firm’s fifty day simple moving average is $173.64 and its two-hundred day simple moving average is $163.80. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95.

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

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company’s stock.

About Boeing

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.