Roberts Glore & Co. Inc. IL Buys 420 Shares of The Boeing Company (NYSE:BA)

Roberts Glore & Co. Inc. IL lifted its stake in The Boeing Company (NYSE:BA) by 21.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,371 shares of the aircraft producer’s stock after acquiring an additional 420 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Boeing were worth $420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Personal CFO Solutions LLC boosted its position in shares of Boeing by 88.0% in the 4th quarter. Personal CFO Solutions LLC now owns 14,312 shares of the aircraft producer’s stock worth $2,533,000 after purchasing an additional 6,698 shares during the last quarter. Amundi lifted its holdings in Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. Naviter Wealth LLC lifted its holdings in Boeing by 35.4% during the fourth quarter. Naviter Wealth LLC now owns 7,205 shares of the aircraft producer’s stock worth $1,275,000 after acquiring an additional 1,885 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Boeing by 1.7% during the fourth quarter. Larson Financial Group LLC now owns 16,597 shares of the aircraft producer’s stock worth $2,938,000 after acquiring an additional 273 shares in the last quarter. Finally, Blankinship & Foster LLC bought a new position in Boeing during the fourth quarter worth about $268,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BA. Citigroup lifted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company lifted their target price on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 19,213 shares of the company’s stock, 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 SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $154.20 on Friday. The company has a market capitalization of $115.66 billion, a P/E ratio of -8.42 and a beta of 1.53. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $203.80. The business’s 50 day simple moving average is $175.03 and its 200 day simple moving average is $164.22.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Company Profile

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.