Account Management LLC Grows Stock Position in The Boeing Company (NYSE:BA)

Account Management LLC increased its holdings in The Boeing Company (NYSE:BA) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,100 shares of the aircraft producer’s stock after acquiring an additional 300 shares during the quarter. Boeing accounts for 0.4% of Account Management LLC’s portfolio, making the stock its 20th largest position. Account Management LLC’s holdings in Boeing were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the third quarter valued at $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC lifted its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several research reports. JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Melius raised Boeing from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Melius Research upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $195.68.

Boeing Trading Up 1.0 %

Shares of BA opened at $182.71 on Wednesday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The stock has a fifty day moving average price of $173.50 and a 200-day moving average price of $163.90. The firm has a market cap of $137.05 billion, a PE ratio of -9.97 and a beta of 1.53.

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

Boeing 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.