The Boeing Company (NYSE:BA) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its holdings in The Boeing Company (NYSE:BA) by 6.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,105 shares of the aircraft producer’s stock after buying an additional 199 shares during the period. Frank Rimerman Advisors LLC’s holdings in Boeing were worth $550,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BA. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Finally, Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two equities 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 stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $195.16.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction 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. 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 accessible through the SEC website. 0.16% of the stock is owned by insiders.

Boeing Stock Up 1.7 %

BA opened at $162.00 on Monday. The firm has a market cap of $121.51 billion, a PE ratio of -8.84 and a beta of 1.53. The business has a fifty day simple moving average of $173.23 and a 200-day simple moving average of $163.57. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings data 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 period last year, the company earned ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal 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.