Murphy & Mullick Capital Management Corp Makes New Investment in The Boeing Company (NYSE:BA)

Murphy & Mullick Capital Management Corp acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 213 shares of the aircraft producer’s stock, valued at approximately $38,000.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $28,000. Finally, HighMark Wealth Management LLC boosted its position in shares of Boeing by 121.6% in the 4th 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 during the period. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on BA shares. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday. Citigroup lifted their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on 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, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Price Performance

Shares of NYSE:BA opened at $179.18 on Friday. The stock has a market capitalization of $134.40 billion, a P/E ratio of -9.78 and a beta of 1.53. The business has a 50-day moving average of $173.95 and a two-hundred day moving average of $164.10. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last posted its earnings results 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 period in the previous year, the business posted ($0.47) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.