Evoke Wealth LLC Increases Holdings in The Boeing Company (NYSE:BA)

Evoke Wealth LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 5.1% during the fourth quarter, Holdings Channel reports. The firm owned 9,321 shares of the aircraft producer’s stock after acquiring an additional 454 shares during the quarter. Evoke Wealth LLC’s holdings in Boeing were worth $1,650,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BA. Sierra Ocean LLC purchased a new position in Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC boosted its position in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.2 %

Shares of BA opened at $161.57 on Wednesday. The firm has a market cap of $121.19 billion, a PE ratio of -8.82 and a beta of 1.53. The firm has a fifty day simple moving average of $172.83 and a two-hundred day simple moving average of $163.41. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95.

Boeing (NYSE:BA) last announced its 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 quarter last year, the firm posted ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. StockNews.com raised Boeing to a “sell” rating in a research report on Wednesday, March 12th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. UBS Group lifted their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.16% of the company’s stock.

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.