1,212 Shares in The Boeing Company (NYSE:BA) Purchased by Stage Harbor Financial LLC

Stage Harbor Financial LLC acquired a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,212 shares of the aircraft producer’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Vanguard Group Inc. lifted its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Raymond James Financial Inc. bought a new position in Boeing in the fourth quarter valued at approximately $230,944,000. Amundi grew its holdings 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 period. Burkehill Global Management LP bought a new position in shares of Boeing in the 4th quarter worth $212,400,000. Finally, Franklin Resources Inc. grew its stake in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, StockNews.com raised shares of Boeing to a “sell” rating in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.68.

Boeing Stock Performance

NYSE:BA opened at $172.98 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The firm’s 50-day simple moving average is $173.98 and its 200 day simple moving average is $164.20. The firm has a market cap of $129.74 billion, a price-to-earnings ratio of -9.44 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly 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 business posted ($0.47) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated 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 of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.09% 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.