MV Capital Management Inc. Grows Position in The Boeing Company (NYSE:BA)

MV Capital Management Inc. increased its position in shares of The Boeing Company (NYSE:BA) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 781 shares of the aircraft producer’s stock after acquiring an additional 69 shares during the quarter. MV Capital Management Inc.’s holdings in Boeing were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Keynote Financial Services LLC boosted its position in Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. increased its holdings in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. increased its holdings in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after purchasing an additional 60 shares during the period. Finally, Transcend Capital Advisors LLC grew its position in Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after buying an additional 61 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated 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 owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Down 3.4 %

NYSE:BA opened at $172.98 on Friday. The firm has a market cap of $129.74 billion, a price-to-earnings ratio of -9.44 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. The company has a 50-day moving average of $173.98 and a 200-day moving average of $164.17.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) 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) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BA. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Citigroup upped their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.68.

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.