Homestead Advisers Corp Has $62.50 Million Position in The Boeing Company (NYSE:BA)

Homestead Advisers Corp boosted its holdings in shares of The Boeing Company (NYSE:BA) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 353,100 shares of the aircraft producer’s stock after purchasing an additional 13,500 shares during the period. Homestead Advisers Corp’s holdings in Boeing were worth $62,499,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BA. Sierra Ocean LLC bought a new stake in shares of Boeing in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the 4th quarter worth about $28,000. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its holdings in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated 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 approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Boeing Stock Down 2.3 %

BA opened at $178.42 on Thursday. The business has a 50 day moving average price of $173.74 and a two-hundred day moving average price of $164.00. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The company has a market cap of $133.83 billion, a PE ratio of -9.74 and a beta of 1.53.

Boeing (NYSE:BA) last issued its 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 last year, the firm earned ($0.47) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BA shares. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday. Susquehanna lifted their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. 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 report on Monday, March 17th. JPMorgan Chase & Co. lifted 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. Finally, UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Company 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.