The Boeing Company (NYSE:BA) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 30.9% in the 4th quarter, HoldingsChannel reports. The firm owned 31,627 shares of the aircraft producer’s stock after acquiring an additional 7,463 shares during the quarter. NEOS Investment Management LLC’s holdings in Boeing were worth $5,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 0.4 %

Shares of BA opened at $179.18 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The firm has a market capitalization of $134.40 billion, a P/E ratio of -9.78 and a beta of 1.53. The firm has a 50-day moving average price of $173.95 and a 200 day moving average price of $164.10.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 quarter last year, the firm earned ($0.47) EPS. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup increased their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Monday. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, StockNews.com raised Boeing to a “sell” rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. 0.09% 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.