U S Global Investors Inc. Grows Stock Position in The Boeing Company (NYSE:BA)

U S Global Investors Inc. boosted its holdings in The Boeing Company (NYSE:BA) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 130,416 shares of the aircraft producer’s stock after buying an additional 6,614 shares during the period. Boeing makes up about 2.3% of U S Global Investors Inc.’s investment portfolio, making the stock its 11th largest position. U S Global Investors Inc.’s holdings in Boeing were worth $23,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Diversify Advisory Services LLC grew its holdings in Boeing by 1.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock worth $1,026,000 after acquiring an additional 110 shares in the last quarter. Valmark Advisers Inc. grew its stake in Boeing by 4.9% in the third quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock worth $477,000 after purchasing an additional 147 shares in the last quarter. Mutual Advisors LLC increased its holdings in Boeing by 125.5% in the third quarter. Mutual Advisors LLC now owns 25,581 shares of the aircraft producer’s stock valued at $3,970,000 after buying an additional 14,239 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in Boeing by 6.6% during the third quarter. Pinnacle Associates Ltd. now owns 62,278 shares of the aircraft producer’s stock valued at $9,469,000 after buying an additional 3,869 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of Boeing by 28.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 5,889 shares of the aircraft producer’s stock worth $925,000 after acquiring an additional 1,301 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several research reports. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Trading Up 0.4 %

BA stock opened at $173.65 on Friday. The stock has a 50-day moving average price of $176.92 and a two-hundred day moving average price of $164.67. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The stock has a market cap of $130.25 billion, a PE ratio of -9.48 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 in the prior year, the company earned ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

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.