Cable Hill Partners LLC Takes Position in The Boeing Company (NYSE:BA)

Cable Hill Partners LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,258 shares of the aircraft producer’s stock, valued at approximately $223,000.

A number of other large investors have also made changes to their positions in BA. Heritage Investors Management Corp grew its position in Boeing by 3.5% in the fourth quarter. Heritage Investors Management Corp now owns 118,167 shares of the aircraft producer’s stock worth $20,916,000 after acquiring an additional 4,029 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Boeing by 27.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 64,111 shares of the aircraft producer’s stock valued at $11,348,000 after purchasing an additional 13,969 shares during the last quarter. Pointe Capital Management LLC raised its stake in Boeing by 38.5% during the 4th quarter. Pointe Capital Management LLC now owns 3,515 shares of the aircraft producer’s stock valued at $622,000 after purchasing an additional 978 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Boeing by 18.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,884 shares of the aircraft producer’s stock valued at $1,218,000 after buying an additional 1,057 shares in the last quarter. Finally, Ndwm LLC acquired a new position in shares of Boeing in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.4 %

NYSE:BA opened at $173.65 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The firm has a fifty day simple moving average of $176.92 and a 200 day simple moving average of $164.67. The stock has a market capitalization of $130.25 billion, a PE ratio of -9.48 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. On average, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 completion of the transaction, the executive vice president now directly 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 SEC, which is available through this hyperlink. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. 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 note on Monday, February 10th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. UBS Group increased their price target 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. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.16.

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.