Evergreen Capital Management LLC Increases Stock Position in The Boeing Company (NYSE:BA)

Evergreen Capital Management LLC grew its position in shares of The Boeing Company (NYSE:BA) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,657 shares of the aircraft producer’s stock after purchasing an additional 615 shares during the period. Evergreen Capital Management LLC’s holdings in Boeing were worth $1,178,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Boeing during the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth $28,000. HighMark Wealth Management LLC raised its stake 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 buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent research reports. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Saturday, April 5th. UBS Group lifted their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $198.95.

Boeing Stock Performance

NYSE BA opened at $161.84 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The company has a market capitalization of $121.39 billion, a P/E ratio of -8.83 and a beta of 1.24. The stock has a 50 day moving average price of $166.78 and a 200-day moving average price of $163.98.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 quarter last year, the company posted ($0.47) EPS. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS 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.