Bare Financial Services Inc Grows Stock Holdings in The Boeing Company (NYSE:BA)

Bare Financial Services Inc raised its stake in shares of The Boeing Company (NYSE:BA) by 215.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 205 shares of the aircraft producer’s stock after purchasing an additional 140 shares during the period. Bare Financial Services Inc’s holdings in Boeing were worth $36,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new position in Boeing during the 3rd quarter valued at about $334,000. Assetmark Inc. boosted its stake in shares of Boeing by 65.2% during the 3rd quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after acquiring an additional 417 shares in the last quarter. Sigma Planning Corp raised its holdings in Boeing by 252.7% during the 3rd quarter. Sigma Planning Corp now owns 15,300 shares of the aircraft producer’s stock worth $2,326,000 after buying an additional 10,962 shares during the period. Baker Avenue Asset Management LP acquired a new stake in Boeing during the 3rd quarter worth about $242,000. Finally, Tyler Stone Wealth Management boosted its stake in shares of Boeing by 46.8% during the 3rd quarter. Tyler Stone Wealth Management now owns 1,458 shares of the aircraft producer’s stock valued at $222,000 after buying an additional 465 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BA shares. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company lifted their target price on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Price Performance

Shares of NYSE BA opened at $154.19 on Wednesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The firm has a 50-day moving average of $174.00 and a 200 day moving average of $163.83. The stock has a market cap of $115.65 billion, a P/E ratio of -8.42 and a beta of 1.53.

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 quarter in the previous year, the firm earned ($0.47) EPS. Research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other 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 value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. 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.