The Boeing Company (NYSE:BA) Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,671 shares of the aircraft producer’s stock after buying an additional 443 shares during the quarter. Quadrant Capital Group LLC’s holdings in Boeing were worth $650,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BA. Keynote Financial Services LLC boosted its stake in shares of Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after acquiring an additional 57 shares during the last quarter. Chaney Capital Management Inc. lifted its holdings in Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after purchasing an additional 59 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in shares of Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after buying an additional 60 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its position in shares of Boeing by 1.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BA. Susquehanna lifted their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. UBS Group lifted their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.10.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the 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 sale, the executive vice president now directly owns 19,213 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Boeing Price Performance

BA opened at $136.61 on Monday. The Boeing Company has a 12-month low of $128.74 and a 12-month high of $196.95. The stock has a market capitalization of $102.47 billion, a PE ratio of -7.46 and a beta of 1.53. The firm’s fifty day moving average price is $172.36 and its 200 day moving average price is $164.28.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. On average, equities research analysts forecast 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.