May Hill Capital LLC Invests $634,000 in The Boeing Company (NYSE:BA)

May Hill Capital LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel reports. The firm acquired 3,583 shares of the aircraft producer’s stock, valued at approximately $634,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Boeing in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the 4th quarter valued at about $28,000. HighMark Wealth Management LLC raised its position in 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 acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC grew its position in shares of 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 purchasing an additional 95 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the 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 directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $170.66 on Tuesday. The firm has a market capitalization of $128.01 billion, a PE ratio of -9.32 and a beta of 1.53. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The business has a 50-day moving average of $173.97 and a two-hundred day moving average of $164.28.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. UBS Group upped their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average 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.