14,430 Shares in The Boeing Company (NYSE:BA) Bought by Investment House LLC

Investment House LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,430 shares of the aircraft producer’s stock, valued at approximately $2,554,000.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter worth $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC raised its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Boeing Stock Down 0.2 %

Shares of Boeing stock opened at $161.57 on Wednesday. The company has a market capitalization of $121.19 billion, a price-to-earnings ratio of -8.82 and a beta of 1.53. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The firm’s 50-day moving average price is $172.83 and its two-hundred day moving average price is $163.41.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 period in the previous year, the business posted ($0.47) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company increased their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

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.