Cassaday & Co Wealth Management LLC Grows Position in The Boeing Company (NYSE:BA)

Cassaday & Co Wealth Management LLC increased its position in The Boeing Company (NYSE:BA) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,286 shares of the aircraft producer’s stock after buying an additional 543 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Boeing were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Kentucky Retirement Systems raised its position in Boeing by 23.1% during the 4th quarter. Kentucky Retirement Systems now owns 50,213 shares of the aircraft producer’s stock valued at $8,888,000 after purchasing an additional 9,434 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Boeing by 3.5% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,877 shares of the aircraft producer’s stock valued at $1,571,000 after buying an additional 300 shares during the period. Cromwell Holdings LLC increased its stake in shares of Boeing by 76.5% during the fourth quarter. Cromwell Holdings LLC now owns 2,158 shares of the aircraft producer’s stock valued at $382,000 after buying an additional 935 shares during the period. ING Groep NV lifted its stake in Boeing by 179.1% in the fourth quarter. ING Groep NV now owns 214,367 shares of the aircraft producer’s stock worth $37,943,000 after acquiring an additional 137,554 shares during the period. Finally, Zullo Investment Group Inc. lifted its position in shares of Boeing by 2.4% in the 4th quarter. Zullo Investment Group Inc. now owns 5,602 shares of the aircraft producer’s stock worth $992,000 after purchasing an additional 130 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Down 2.0 %

Shares of BA opened at $177.34 on Friday. The company has a market cap of $133.01 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52. The business’s fifty day simple moving average is $176.74 and its two-hundred day simple moving average is $164.39. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.32 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BA shares. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.