Hickory Point Bank & Trust Acquires Shares of 1,733 The Boeing Company (NYSE:BA)

Hickory Point Bank & Trust acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,733 shares of the aircraft producer’s stock, valued at approximately $307,000.

Several other institutional investors have also added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new position in shares of Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter worth $28,000. HighMark Wealth Management LLC increased its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC increased its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after buying an additional 95 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Boeing Stock Performance

Shares of NYSE BA opened at $174.84 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $206.62. The stock has a market cap of $131.14 billion, a price-to-earnings ratio of -9.54 and a beta of 1.52. The firm’s 50-day simple moving average is $176.87 and its 200 day simple moving average is $164.71.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, Citigroup increased their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.