Addison Capital Co Has $383,000 Stock Holdings in The Boeing Company (NYSE:BA)

Addison Capital Co trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,163 shares of the aircraft producer’s stock after selling 70 shares during the period. Addison Capital Co’s holdings in Boeing were worth $383,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BA. Keynote Financial Services LLC raised its holdings in shares of Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after purchasing an additional 57 shares during the period. Chaney Capital Management Inc. increased its position in Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after buying an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. lifted its position in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 60 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its stake in shares of Boeing by 1.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after acquiring an additional 61 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BA shares. UBS Group increased 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. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup upped their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $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 available through this hyperlink. 0.16% of the stock is owned by insiders.

Boeing Stock Up 1.7 %

BA stock opened at $162.00 on Monday. The company’s 50-day moving average price is $173.23 and its two-hundred day moving average price is $163.57. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The firm has a market cap of $121.51 billion, a P/E ratio of -8.84 and a beta of 1.53.

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