19,175 Shares in The Boeing Company (NYSE:BA) Purchased by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. acquired a new position in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,175 shares of the aircraft producer’s stock, valued at approximately $3,394,000. Boeing accounts for approximately 1.3% of RWQ Financial Management Services Inc.’s investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also bought and sold shares of the stock. Keynote Financial Services LLC increased its stake 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 valued at $273,000 after buying an additional 57 shares in the last quarter. Chaney Capital Management Inc. increased its stake 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 valued at $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake 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 valued at $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. increased its stake 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 valued at $99,000 after buying an additional 60 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its stake 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 valued at $871,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on BA. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Wells Fargo & Company raised their price target on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Price Performance

NYSE:BA opened at $172.82 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The stock has a market capitalization of $129.63 billion, a PE ratio of -9.43 and a beta of 1.53. The business’s 50-day simple moving average is $172.86 and its 200-day simple moving average is $163.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) earnings per share. On average, research analysts expect 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.