Reynders McVeigh Capital Management LLC Takes $204,000 Position in The Boeing Company (NYSE:BA)

Reynders McVeigh Capital Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,150 shares of the aircraft producer’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SageView Advisory Group LLC boosted its stake in Boeing by 42.9% during the 4th quarter. SageView Advisory Group LLC now owns 3,047 shares of the aircraft producer’s stock valued at $539,000 after acquiring an additional 915 shares during the last quarter. Carson Advisory Inc. raised its stake in shares of Boeing by 3.0% in the 4th quarter. Carson Advisory Inc. now owns 4,858 shares of the aircraft producer’s stock valued at $860,000 after purchasing an additional 140 shares in the last quarter. Keystone Financial Group lifted its position in shares of Boeing by 114.5% during the fourth quarter. Keystone Financial Group now owns 24,118 shares of the aircraft producer’s stock worth $4,402,000 after purchasing an additional 12,876 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in Boeing by 22.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,284 shares of the aircraft producer’s stock worth $1,289,000 after purchasing an additional 1,355 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC increased its holdings in Boeing by 70.9% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 241 shares of the aircraft producer’s stock valued at $43,000 after buying an additional 100 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $156.95 on Monday. The firm has a market cap of $117.73 billion, a P/E ratio of -8.57 and a beta of 1.24. The stock has a fifty day moving average price of $168.68 and a two-hundred day moving average price of $164.00. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95.

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 quarter in the prior year, the business earned ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on 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 directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Saturday, April 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $196.10.

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.