The Boeing Company (NYSE:BA) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,923 shares of the aircraft producer’s stock after buying an additional 61 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Boeing were worth $871,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Boeing Stock Performance

Shares of NYSE:BA opened at $177.34 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The stock has a market capitalization of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52. The stock has a 50-day simple moving average of $176.74 and a 200-day simple moving average of $164.39.

Boeing (NYSE:BA) last released 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 prior year, the firm posted ($0.47) EPS. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Company 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.