The Boeing Company (NYSE:BA) Shares Acquired by Holderness Investments Co.

Holderness Investments Co. lifted its stake in shares of The Boeing Company (NYSE:BA) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,242 shares of the aircraft producer’s stock after acquiring an additional 229 shares during the period. Holderness Investments Co.’s holdings in Boeing were worth $1,459,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BA. Sierra Ocean LLC acquired a new stake in shares of Boeing during the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the third quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC lifted its position in 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 during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

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

Boeing Stock Performance

Shares of NYSE:BA opened at $172.82 on Friday. The company has a market cap of $129.63 billion, a P/E ratio of -9.43 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The business’s 50-day simple moving average is $172.86 and its 200 day simple moving average is $163.54.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on BA. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft increased their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $195.68.

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.