Mountain Hill Investment Partners Corp. Purchases New Holdings in The Boeing Company (NYSE:BA)

Mountain Hill Investment Partners Corp. acquired a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 652 shares of the aircraft producer’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter worth approximately $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC increased its position 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 acquiring an additional 90 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BA shares. Citigroup upped their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Wells Fargo & Company boosted their target price on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $178.32 on Monday. The company has a market capitalization of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The firm’s 50 day simple moving average is $172.98 and its two-hundred day simple moving average is $163.59.

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 analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) EPS. On average, sell-side analysts anticipate 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.