Welch & Forbes LLC Acquires 200 Shares of The Boeing Company (NYSE:BA)

Welch & Forbes LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 12.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,866 shares of the aircraft producer’s stock after acquiring an additional 200 shares during the quarter. Welch & Forbes LLC’s holdings in Boeing were worth $330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth $28,000. Finally, HighMark Wealth Management LLC lifted its position in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Down 2.7 %

Shares of BA opened at $154.20 on Friday. The company has a market cap of $115.66 billion, a price-to-earnings ratio of -8.42 and a beta of 1.53. The business’s fifty day simple moving average is $175.03 and its two-hundred day simple moving average is $164.22. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $203.80.

Boeing (NYSE:BA) last released 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 prior year, the firm earned ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company’s stock.

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.