Boston Research & Management Inc. Purchases Shares of 1,300 The Boeing Company (NYSE:BA)

Boston Research & Management Inc. purchased a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,300 shares of the aircraft producer’s stock, valued at approximately $230,000.

A number of other hedge funds also recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter worth $28,000. HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC increased its holdings in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $172.98 on Monday. The business’s fifty day moving average price is $173.98 and its two-hundred day moving average price is $164.22. The stock has a market cap of $129.74 billion, a PE ratio of -9.44 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 quarter last year, the business earned ($0.47) earnings per share. As a group, equities research analysts predict 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 Boeing stock in a transaction 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 completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BA. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price target on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Finally, Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.