Independent Advisor Alliance Has $3.21 Million Position in The Boeing Company (NYSE:BA)

Independent Advisor Alliance boosted its holdings in The Boeing Company (NYSE:BA) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,119 shares of the aircraft producer’s stock after purchasing an additional 3,231 shares during the quarter. Independent Advisor Alliance’s holdings in Boeing were worth $3,207,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Keynote Financial Services LLC grew its holdings in shares of Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock worth $273,000 after acquiring an additional 57 shares during the period. Chaney Capital Management Inc. grew its holdings in shares of Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after acquiring an additional 58 shares during the period. Farmers & Merchants Investments Inc. grew its holdings in shares of Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after acquiring an additional 59 shares during the period. Center for Financial Planning Inc. grew its holdings in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after acquiring an additional 60 shares during the period. Finally, Transcend Capital Advisors LLC grew its holdings in shares of Boeing by 1.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the 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 owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale 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 Stock Up 3.3 %

Shares of NYSE:BA opened at $159.08 on Thursday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a market cap of $119.32 billion, a P/E ratio of -8.68 and a beta of 1.53. The business’s 50 day moving average is $173.64 and its 200 day moving average is $163.80.

Boeing (NYSE:BA) last announced 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 company earned ($0.47) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.