Roanoke Asset Management Corp NY Has $5.12 Million Stake in The Boeing Company (NYSE:BA)

Roanoke Asset Management Corp NY lowered its holdings in The Boeing Company (NYSE:BA) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,911 shares of the aircraft producer’s stock after selling 85 shares during the quarter. Boeing comprises about 1.6% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 25th largest position. Roanoke Asset Management Corp NY’s holdings in Boeing were worth $5,117,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its position in Boeing by 121.6% in 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 last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $174.84 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $206.62. The firm has a market cap of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52. The stock’s 50-day moving average is $176.87 and its 200-day moving average is $164.74.

Boeing (NYSE:BA) last announced its earnings results 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 previous year, the business posted ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup increased their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Susquehanna raised their target price 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. Finally, UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

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 stock was 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 in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% 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.