Mystic Asset Management Inc. Buys 636 Shares of The Boeing Company (NYSE:BA)

Mystic Asset Management Inc. lifted its stake in shares of The Boeing Company (NYSE:BA) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,790 shares of the aircraft producer’s stock after acquiring an additional 636 shares during the quarter. Mystic Asset Management Inc.’s holdings in Boeing were worth $2,795,000 at the end of the most recent reporting period.

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

Boeing Price Performance

NYSE BA opened at $162.04 on Tuesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The company has a market capitalization of $121.54 billion, a PE ratio of -8.84 and a beta of 1.53. The company has a fifty day moving average of $173.05 and a 200 day moving average of $163.49.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the firm posted ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BA shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. UBS Group upped their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.68.

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.