Guggenheim Capital LLC Acquires 5,760 Shares of The Boeing Company (NYSE:BA)

Guggenheim Capital LLC lifted its stake in The Boeing Company (NYSE:BA) by 34.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,477 shares of the aircraft producer’s stock after acquiring an additional 5,760 shares during the period. Guggenheim Capital LLC’s holdings in Boeing were worth $3,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc grew its position in Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after buying an additional 710 shares in the last quarter. Carnegie Investment Counsel grew its holdings in shares of Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares during the period. World Investment Advisors LLC raised its stake in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Amundi lifted its position in Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the period. Institutional investors own 64.82% of the company’s stock.

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 sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

BA opened at $161.84 on Friday. The stock has a market capitalization of $121.39 billion, a P/E ratio of -8.83 and a beta of 1.24. The company’s 50 day simple moving average is $166.41 and its 200-day simple moving average is $164.03. The Boeing Company has a one year low of $128.88 and a one year high of $196.95.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. StockNews.com raised Boeing to a “sell” rating in a report on Saturday, April 5th. Finally, UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $198.95.

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.