The Boeing Company (NYSE:BA) Shares Sold by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA reduced its stake in shares of The Boeing Company (NYSE:BA) by 28.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,528 shares of the aircraft producer’s stock after selling 17,006 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Boeing were worth $7,704,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC lifted its stake in Boeing by 121.6% in the 4th 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 in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Performance

Shares of BA opened at $177.34 on Monday. The stock has a 50-day moving average price of $176.74 and a 200 day moving average price of $164.39. The company has a market capitalization of $133.02 billion, a P/E ratio of -9.68 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $208.10.

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

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by insiders.

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.