RiverFront Investment Group LLC Acquires 84 Shares of The Boeing Company (NYSE:BA)

RiverFront Investment Group LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,709 shares of the aircraft producer’s stock after acquiring an additional 84 shares during the period. RiverFront Investment Group LLC’s holdings in Boeing were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Horizon Investment Services LLC bought a new position in Boeing during the 4th quarter valued at $206,000. NBZ Investment Advisors LLC purchased a new position in Boeing during the fourth quarter worth about $503,000. Orion Portfolio Solutions LLC grew its position in Boeing by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 41,332 shares of the aircraft producer’s stock worth $7,316,000 after purchasing an additional 1,716 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Boeing by 21.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 272,262 shares of the aircraft producer’s stock worth $48,190,000 after purchasing an additional 47,930 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Boeing by 18.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 247,118 shares of the aircraft producer’s stock worth $43,740,000 after buying an additional 38,603 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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 business’s fifty day moving average is $173.98 and its 200 day 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 posted 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 period last year, the company earned ($0.47) EPS. Equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Melius Research raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th. UBS Group upped 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. JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Finally, Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $195.68.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.