Lindbrook Capital LLC Raises Stake in The Boeing Company (NYSE:BA)

Lindbrook Capital LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,011 shares of the aircraft producer’s stock after purchasing an additional 567 shares during the quarter. Lindbrook Capital LLC’s holdings in Boeing were worth $2,303,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC raised its holdings in shares of Boeing by 121.6% in the fourth 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. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BA. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Citigroup lifted their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Boeing Stock Performance

Shares of BA stock opened at $163.34 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $203.80. The firm has a market capitalization of $122.52 billion, a price-to-earnings ratio of -8.92 and a beta of 1.52. The stock’s 50-day simple moving average is $176.00 and its 200-day simple moving average is $164.49.

Boeing (NYSE:BA) last issued 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 last year, the firm posted ($0.47) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

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.