US Bancorp DE Increases Holdings in The Boeing Company (NYSE:BA)

US Bancorp DE increased its holdings in The Boeing Company (NYSE:BA) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,545 shares of the aircraft producer’s stock after purchasing an additional 13,896 shares during the period. US Bancorp DE’s holdings in Boeing were worth $43,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Fisher Asset Management LLC boosted its position in shares of Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock valued at $890,469,000 after acquiring an additional 164,042 shares during the last quarter. Terril Brothers Inc. bought a new position in shares of Boeing in the fourth quarter worth about $414,000. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Boeing by 4.9% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 6,380 shares of the aircraft producer’s stock valued at $1,129,000 after purchasing an additional 300 shares during the period. SVB Wealth LLC bought a new position in Boeing in the fourth quarter worth approximately $2,052,000. Finally, Mutual of America Capital Management LLC raised its position in Boeing by 24.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 89,430 shares of the aircraft producer’s stock valued at $15,829,000 after purchasing an additional 17,448 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.6 %

Shares of BA opened at $174.84 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $206.62. The firm’s 50-day moving average is $176.87 and its two-hundred day moving average is $164.71. The firm has a market capitalization of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52.

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

Analyst Ratings Changes

BA has been the subject of several recent research reports. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Wells Fargo & Company upped their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.

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.