Pavion Blue Capital LLC Has $684,000 Position in The Boeing Company (NYSE:BA)

Pavion Blue Capital LLC grew its holdings in The Boeing Company (NYSE:BA) by 87.2% during the 4th quarter, HoldingsChannel reports. The firm owned 3,866 shares of the aircraft producer’s stock after acquiring an additional 1,801 shares during the quarter. Pavion Blue Capital LLC’s holdings in Boeing were worth $684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired 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. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC lifted its stake 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 buying an additional 90 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the third quarter valued at about $28,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 2.0 %

NYSE BA opened at $177.34 on Friday. The firm has a market cap of $133.01 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52. The company has a 50 day moving average of $176.74 and a 200-day moving average of $164.39. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BA shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. increased 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. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

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.