Signature Estate & Investment Advisors LLC Purchases 2,369 Shares of The Boeing Company (NYSE:BA)

Signature Estate & Investment Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA) by 86.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,101 shares of the aircraft producer’s stock after buying an additional 2,369 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Boeing were worth $903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the third quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC boosted its holdings 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 buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Up 1.0 %

Boeing stock opened at $182.71 on Wednesday. The stock has a market cap of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53. The company’s 50 day moving average price is $173.50 and its two-hundred day moving average price is $163.90. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price 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. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus 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.