Pinnacle Wealth Planning Services Inc. Acquires 738 Shares of The Boeing Company (NYSE:BA)

Pinnacle Wealth Planning Services Inc. increased its position in The Boeing Company (NYSE:BA) by 19.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,441 shares of the aircraft producer’s stock after acquiring an additional 738 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Boeing were worth $786,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its stake in 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 in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price 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. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Activity at Boeing

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

Boeing Stock Up 2.8 %

Shares of NYSE BA opened at $163.34 on Thursday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $203.80. The firm’s fifty day moving average is $176.00 and its 200 day moving average is $164.49. The company has a market cap of $122.52 billion, a price-to-earnings ratio of -8.92 and a beta of 1.52.

Boeing (NYSE:BA) last issued 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 period in the prior year, the firm earned ($0.47) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.