Lindbrook Capital LLC Acquires 567 Shares of The Boeing Company (NYSE:BA)

Lindbrook Capital LLC lifted its holdings in The Boeing Company (NYSE:BA) by 4.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,011 shares of the aircraft producer’s stock after purchasing an additional 567 shares during the period. Lindbrook Capital LLC’s holdings in Boeing were worth $2,303,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in Boeing during the 3rd quarter worth approximately $500,000. United Advisor Group LLC bought a new stake in Boeing during the 3rd quarter worth approximately $369,000. Focused Wealth Management Inc bought a new stake in Boeing during the 3rd quarter worth approximately $461,000. Catalina Capital Group LLC raised its position in shares of Boeing by 17.1% during the third quarter. Catalina Capital Group LLC now owns 1,446 shares of the aircraft producer’s stock valued at $220,000 after buying an additional 211 shares during the last quarter. Finally, Canal Insurance CO bought a new stake in shares of Boeing during the third quarter valued at approximately $1,520,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Wells Fargo & Company lifted 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. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on 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 directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Boeing Stock Up 2.8 %

NYSE BA opened at $163.34 on Thursday. The company has a fifty day moving average of $176.00 and a two-hundred day moving average of $164.49. The firm has a market capitalization of $122.52 billion, a price-to-earnings ratio of -8.92 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $203.80.

Boeing (NYSE:BA) last posted 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 period in the prior year, the firm earned ($0.47) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Boeing 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.