The Boeing Company (NYSE:BA) Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA) by 64.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,083 shares of the aircraft producer’s stock after buying an additional 1,209 shares during the period. Sage Mountain Advisors LLC’s holdings in Boeing were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Channing Capital Management LLC increased its position in shares of Boeing by 4.5% in the fourth quarter. Channing Capital Management LLC now owns 51,106 shares of the aircraft producer’s stock valued at $9,046,000 after buying an additional 2,216 shares in the last quarter. Independent Advisor Alliance raised its position in Boeing by 21.7% during the fourth quarter. Independent Advisor Alliance now owns 18,119 shares of the aircraft producer’s stock worth $3,207,000 after acquiring an additional 3,231 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Boeing by 15.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 171,289 shares of the aircraft producer’s stock valued at $30,318,000 after purchasing an additional 22,437 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Boeing by 32.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 177,115 shares of the aircraft producer’s stock valued at $31,349,000 after purchasing an additional 43,426 shares during the period. Finally, Enterprise Financial Services Corp increased its stake in shares of Boeing by 3.0% during the fourth quarter. Enterprise Financial Services Corp now owns 2,756 shares of the aircraft producer’s stock worth $488,000 after purchasing an additional 81 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 4.1 %

Shares of NYSE BA opened at $154.19 on Wednesday. The business’s 50 day moving average is $174.00 and its two-hundred day moving average is $163.83. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The firm has a market cap of $115.65 billion, a price-to-earnings ratio of -8.42 and a beta of 1.53.

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 the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. Analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays upgraded 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 report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. 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 assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

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.