Tower Research Capital LLC TRC Boosts Stock Holdings in The Boeing Company (NYSE:BA)

Tower Research Capital LLC TRC increased its stake in The Boeing Company (NYSE:BA) by 43.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,540 shares of the aircraft producer’s stock after purchasing an additional 19,375 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Boeing were worth $11,247,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Boeing in the 3rd quarter valued at approximately $7,544,000. World Investment Advisors LLC grew its stake in shares of Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 3,814 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Boeing by 290.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer’s stock valued at $2,593,000 after purchasing an additional 12,680 shares during the period. Tidal Investments LLC raised its stake in Boeing by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer’s stock valued at $5,812,000 after purchasing an additional 804 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BA. Barclays upgraded 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 note on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of Boeing from $113.00 to $111.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. 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 research note on Saturday, April 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.95.

Boeing Stock Performance

BA opened at $161.84 on Friday. The company’s 50-day simple moving average is $166.41 and its two-hundred day simple moving average is $164.11. The stock has a market capitalization of $121.39 billion, a P/E ratio of -8.83 and a beta of 1.24. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) earnings per share. Research analysts forecast that The Boeing Company will post -2.58 EPS 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 dated Thursday, February 20th. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Boeing 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.