Flagship Wealth Advisors LLC Invests $119,000 in The Boeing Company (NYSE:BA)

Flagship Wealth Advisors LLC purchased a new position in The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The fund purchased 674 shares of the aircraft producer’s stock, valued at approximately $119,000.

Several other institutional investors have also recently made changes to their positions in BA. Sierra Ocean LLC purchased a new position in Boeing in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter worth $28,000. Finally, HighMark Wealth Management LLC grew its position in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. 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 report on Monday, February 10th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company upped their price target on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Price Performance

BA stock opened at $162.04 on Tuesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The company has a market cap of $121.54 billion, a P/E ratio of -8.84 and a beta of 1.53. The firm has a 50-day moving average of $173.05 and a 200 day moving average of $163.49.

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

Boeing Profile

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.