Argent Advisors Inc. Buys 244 Shares of The Boeing Company (NYSE:BA)

Argent Advisors Inc. raised its stake in shares of The Boeing Company (NYSE:BA) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,833 shares of the aircraft producer’s stock after acquiring an additional 244 shares during the quarter. Argent Advisors Inc.’s holdings in Boeing were worth $855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at $230,944,000. Amundi lifted its holdings in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. Burkehill Global Management LP purchased a new stake in shares of Boeing during the 4th quarter valued at $212,400,000. Franklin Resources Inc. lifted its holdings in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after purchasing an additional 981,796 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.1 %

NYSE:BA opened at $162.04 on Tuesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The stock has a market capitalization of $121.54 billion, a PE ratio of -8.84 and a beta of 1.53. The stock’s 50-day moving average price is $173.05 and its 200-day moving average price is $163.49.

Boeing (NYSE:BA) last posted 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 quarter in the previous year, the business posted ($0.47) earnings per share. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Wells Fargo & Company raised their target price on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday. UBS Group raised 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 target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Boeing to a “sell” rating in a research note on Wednesday, March 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.