The Boeing Company (NYSE:BA) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in shares of The Boeing Company (NYSE:BA) by 21.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 288,554 shares of the aircraft producer’s stock after purchasing an additional 51,743 shares during the period. Royal London Asset Management Ltd.’s holdings in Boeing were worth $51,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the 4th quarter worth about $28,000. HighMark Wealth Management LLC increased its holdings in shares of Boeing by 121.6% in the 4th 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. Finally, Anfield Capital Management LLC increased its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.1 %

NYSE:BA opened at $172.82 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The company has a 50-day moving average of $172.86 and a 200-day moving average of $163.54. The firm has a market cap of $129.63 billion, a price-to-earnings ratio of -9.43 and a beta of 1.53.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on BA. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. StockNews.com raised shares of Boeing to a “sell” rating in a report on Wednesday, March 12th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 19,213 shares in the company, 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 filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

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.