The Boeing Company (NYSE:BA) Stock Holdings Increased by Mengis Capital Management Inc.

Mengis Capital Management Inc. boosted its position in The Boeing Company (NYSE:BA) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,844 shares of the aircraft producer’s stock after buying an additional 300 shares during the quarter. Mengis Capital Management Inc.’s holdings in Boeing were worth $2,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its holdings 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 valued at $29,000 after purchasing an additional 90 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 1.7 %

NYSE BA opened at $180.12 on Tuesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The business’s fifty day moving average is $176.87 and its two-hundred day moving average is $164.47.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 quarter in the prior year, the company earned ($0.47) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BA. UBS Group upped their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.