NBZ Investment Advisors LLC Takes $503,000 Position in The Boeing Company (NYSE:BA)

NBZ Investment Advisors LLC purchased a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,844 shares of the aircraft producer’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its stake in Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after purchasing an additional 710 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after acquiring an additional 38,300 shares during the last quarter. Carnegie Investment Counsel increased its stake in shares of Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares in the last quarter. Finally, World Investment Advisors LLC lifted its stake in shares of Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 3,814 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA opened at $179.18 on Friday. The company has a market cap of $134.40 billion, a price-to-earnings ratio of -9.78 and a beta of 1.53. The stock has a fifty day moving average price of $173.95 and a two-hundred day moving average price of $164.10. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95.

Boeing (NYSE:BA) last issued its quarterly 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 last year, the business posted ($0.47) EPS. As a group, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BA shares. Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday, March 17th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Melius Research raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

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.