The Boeing Company (NYSE:BA) Shares Purchased by Edge Capital Group LLC

Edge Capital Group LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 14.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,099 shares of the aircraft producer’s stock after purchasing an additional 384 shares during the period. Edge Capital Group LLC’s holdings in Boeing were worth $549,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. lifted its position in Boeing by 23.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock valued at $456,000 after acquiring an additional 570 shares during the last quarter. Mount Yale Investment Advisors LLC increased its position in shares of Boeing by 5.3% during the third quarter. Mount Yale Investment Advisors LLC now owns 3,250 shares of the aircraft producer’s stock worth $494,000 after purchasing an additional 163 shares in the last quarter. GHP Investment Advisors Inc. increased its position in shares of Boeing by 10.2% during the third quarter. GHP Investment Advisors Inc. now owns 1,347 shares of the aircraft producer’s stock worth $205,000 after purchasing an additional 125 shares in the last quarter. Modera Wealth Management LLC lifted its holdings in shares of Boeing by 12.6% in the 3rd quarter. Modera Wealth Management LLC now owns 6,237 shares of the aircraft producer’s stock valued at $948,000 after purchasing an additional 700 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in shares of Boeing by 4.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,906 shares of the aircraft producer’s stock valued at $442,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was 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 owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $180.12 on Tuesday. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The business has a fifty day moving average of $176.87 and a two-hundred day moving average of $164.47.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 in the previous year, the business posted ($0.47) EPS. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on BA. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Wells Fargo & Company lifted their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Finally, Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.