The Boeing Company (NYSE:BA) Shares Acquired by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lifted its holdings in shares of The Boeing Company (NYSE:BA) by 4.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,380 shares of the aircraft producer’s stock after buying an additional 300 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Boeing were worth $1,129,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. SVB Wealth LLC acquired a new stake in Boeing in the fourth quarter valued at about $2,052,000. Mutual of America Capital Management LLC increased its holdings in Boeing by 24.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 89,430 shares of the aircraft producer’s stock valued at $15,829,000 after buying an additional 17,448 shares in the last quarter. U S Global Investors Inc. increased its holdings in Boeing by 5.3% in the fourth quarter. U S Global Investors Inc. now owns 130,416 shares of the aircraft producer’s stock valued at $23,084,000 after buying an additional 6,614 shares in the last quarter. Verus Capital Partners LLC increased its holdings in Boeing by 13.1% in the fourth quarter. Verus Capital Partners LLC now owns 18,878 shares of the aircraft producer’s stock valued at $3,341,000 after buying an additional 2,189 shares in the last quarter. Finally, Fusion Capital LLC increased its holdings in Boeing by 47.3% in the fourth quarter. Fusion Capital LLC now owns 4,133 shares of the aircraft producer’s stock valued at $732,000 after buying an additional 1,328 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

BA opened at $174.84 on Friday. The company has a 50-day moving average of $176.87 and a 200-day moving average of $164.74. The company has a market capitalization of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $206.62.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on BA. Susquehanna raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by insiders.

Boeing Company 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.