Wellington Shields Capital Management LLC Grows Stock Holdings in The Boeing Company (NYSE:BA)

Wellington Shields Capital Management LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,822 shares of the aircraft producer’s stock after acquiring an additional 4,717 shares during the period. Wellington Shields Capital Management LLC’s holdings in Boeing were worth $5,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Raymond James Financial Inc. acquired a new stake in Boeing in the fourth quarter valued at about $230,944,000. Amundi grew its holdings in Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the period. Burkehill Global Management LP purchased a new position in Boeing in the 4th quarter valued at approximately $212,400,000. Franklin Resources Inc. lifted its stake in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after purchasing an additional 981,796 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” 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 report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Barclays upgraded shares of 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 report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Up 0.2 %

Shares of BA stock opened at $159.05 on Friday. The firm has a fifty day simple moving average of $173.39 and a 200-day simple moving average of $163.76. The company has a market capitalization of $119.30 billion, a PE ratio of -8.68 and a beta of 1.53. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. Equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction 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 sale, 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 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 currently owned by company insiders.

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.