The Boeing Company (NYSE:BA) Shares Acquired by Syntax Research Inc.

Syntax Research Inc. boosted its position in The Boeing Company (NYSE:BA) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,035 shares of the aircraft producer’s stock after purchasing an additional 327 shares during the period. Syntax Research Inc.’s holdings in Boeing were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC increased its holdings 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 buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. StockNews.com raised shares of Boeing to a “sell” rating in a report on Wednesday, March 12th. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Buying and Selling at Boeing

In other Boeing 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 transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents 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 link. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of NYSE BA opened at $178.32 on Monday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The firm’s 50 day moving average price is $172.98 and its 200 day moving average price is $163.59. The firm has a market cap of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) EPS. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS 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.