Insight 2811 Inc. Raises Stock Holdings in The Boeing Company (NYSE:BA)

Insight 2811 Inc. raised its position in shares of The Boeing Company (NYSE:BA) by 32.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,115 shares of the aircraft producer’s stock after buying an additional 769 shares during the quarter. Insight 2811 Inc.’s holdings in Boeing were worth $551,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of BA. Sierra Ocean LLC purchased a new position in shares of Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during 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 during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were 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. 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 Stock Up 1.6 %

Shares of BA opened at $180.90 on Tuesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a market cap of $135.69 billion, a PE ratio of -9.87 and a beta of 1.53. The firm’s fifty day moving average is $173.19 and its two-hundred day moving average is $163.72.

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 previous year, the business posted ($0.47) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Barclays raised shares of 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 report on Monday, January 6th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Susquehanna lifted their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

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.