The Boeing Company (NYSE:BA) Shares Purchased by Mission Wealth Management LP

Mission Wealth Management LP boosted its holdings in shares of The Boeing Company (NYSE:BA) by 4.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,195 shares of the aircraft producer’s stock after buying an additional 677 shares during the period. Mission Wealth Management LP’s holdings in Boeing were worth $3,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Auxano Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter worth $244,000. Fidelis Capital Partners LLC acquired a new position in Boeing during the 4th quarter worth $345,000. Alesco Advisors LLC purchased a new stake in Boeing during the 4th quarter worth about $204,000. SBI Securities Co. Ltd. acquired a new stake in Boeing in the 4th quarter valued at about $4,993,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Boeing by 25.2% in the 4th quarter. Jones Financial Companies Lllp now owns 53,738 shares of the aircraft producer’s stock valued at $9,512,000 after buying an additional 10,808 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BA. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity

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 value of $570,799.71. Following the completion of the transaction, the executive vice president now 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 the SEC website. Insiders own 0.16% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $170.24 on Tuesday. The stock’s 50 day moving average price is $176.72 and its 200 day moving average price is $164.64. The company has a market cap of $127.69 billion, a PE ratio of -9.29 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $203.80.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 quarter in the previous year, the business posted ($0.47) EPS. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.