The Boeing Company (NYSE:BA) is Spectrum Financial Alliance Ltd LLC’s Largest Position

Spectrum Financial Alliance Ltd LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 2.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,153 shares of the aircraft producer’s stock after purchasing an additional 6,663 shares during the period. Boeing comprises approximately 16.7% of Spectrum Financial Alliance Ltd LLC’s holdings, making the stock its largest position. Spectrum Financial Alliance Ltd LLC’s holdings in Boeing were worth $48,171,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in Boeing by 90.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock worth $10,809,000 after acquiring an additional 33,695 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Boeing by 23.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock valued at $456,000 after buying an additional 570 shares during the last quarter. IFM Investors Pty Ltd increased its position in Boeing by 0.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,856 shares of the aircraft producer’s stock worth $3,627,000 after buying an additional 86 shares during the period. Dakota Wealth Management lifted its holdings in shares of Boeing by 4.3% during the third quarter. Dakota Wealth Management now owns 10,386 shares of the aircraft producer’s stock worth $1,579,000 after buying an additional 425 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Boeing by 5.3% in the third quarter. Mount Yale Investment Advisors LLC now owns 3,250 shares of the aircraft producer’s stock worth $494,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BA shares. UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $177.34 on Friday. The stock’s 50 day simple moving average is $176.74 and its 200 day simple moving average is $164.39. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The firm has a market cap of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52.

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