United Services Automobile Association Purchases 3,520 Shares of The Boeing Company (NYSE:BA)

United Services Automobile Association increased its position in shares of The Boeing Company (NYSE:BA) by 26.3% during the fourth quarter, HoldingsChannel reports. The fund owned 16,926 shares of the aircraft producer’s stock after buying an additional 3,520 shares during the quarter. United Services Automobile Association’s holdings in Boeing were worth $2,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at $27,000. Fiduciary Advisors Inc. bought a new position in Boeing during the 4th quarter worth $28,000. HighMark Wealth Management LLC lifted its holdings in 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 buying an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its position 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 valued at $32,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 3.2 %

Boeing stock opened at $178.32 on Monday. The firm’s fifty day moving average price is $172.98 and its two-hundred day moving average price is $163.59. The firm has a market capitalization of $133.75 billion, a price-to-earnings ratio of -9.73 and a beta of 1.53. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95.

Boeing (NYSE:BA) last released 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 quarter last year, the business posted ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on BA. Wells Fargo & Company lifted their price objective on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday, March 17th. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

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.