The Boeing Company (NYSE:BA) Shares Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC lifted its stake in The Boeing Company (NYSE:BA) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,878 shares of the aircraft producer’s stock after acquiring an additional 2,189 shares during the period. Verus Capital Partners LLC’s holdings in Boeing were worth $3,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sierra Ocean LLC bought a new position in Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC raised its position in Boeing by 121.6% in 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. 64.82% of the stock is currently owned by institutional investors.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup raised 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. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. UBS Group upped 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. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company boosted 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Up 0.4 %

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

Boeing (NYSE:BA) last posted its quarterly 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 in the prior year, the firm earned ($0.47) earnings per share. As a group, analysts predict that The Boeing Company will post -2.58 EPS 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.