Nwam LLC Acquires 1,640 Shares of The Boeing Company (NYSE:BA)

Nwam LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,705 shares of the aircraft producer’s stock after purchasing an additional 1,640 shares during the quarter. Nwam LLC’s holdings in Boeing were worth $3,665,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after acquiring an additional 1,251,456 shares during the period. Franklin Resources Inc. raised its stake in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. State Street Corp boosted its holdings in Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the period. Jennison Associates LLC grew its position in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Boeing by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer’s stock worth $694,091,000 after purchasing an additional 581,987 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 2.9 %

Shares of BA opened at $173.02 on Thursday. The firm’s fifty day simple moving average is $176.99 and its two-hundred day simple moving average is $164.61. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The stock has a market capitalization of $129.77 billion, a P/E ratio of -9.44 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. As a group, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several recent research reports. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Finally, UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.16.

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.