The Boeing Company (NYSE:BA) Shares Purchased by Pitti Group Wealth Management LLC

Pitti Group Wealth Management LLC boosted its holdings in The Boeing Company (NYSE:BA) by 40.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,863 shares of the aircraft producer’s stock after buying an additional 3,113 shares during the quarter. Boeing accounts for about 1.9% of Pitti Group Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. Pitti Group Wealth Management LLC’s holdings in Boeing were worth $1,923,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keynote Financial Services LLC raised its position in Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after acquiring an additional 57 shares in the last quarter. Chaney Capital Management Inc. boosted its stake 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 position 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 purchasing an additional 59 shares during the period. Center for Financial Planning Inc. raised its position in 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 purchasing an additional 60 shares during the period. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after buying an additional 61 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated 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 directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Price Performance

Shares of Boeing stock opened at $162.00 on Monday. The firm has a market cap of $121.51 billion, a P/E ratio of -8.84 and a beta of 1.53. The firm has a 50 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 earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) EPS. On average, sell-side analysts expect 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.