HighPoint Advisor Group LLC Buys 119 Shares of The Boeing Company (NYSE:BA)

HighPoint Advisor Group LLC grew its position in shares of The Boeing Company (NYSE:BA) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,599 shares of the aircraft producer’s stock after purchasing an additional 119 shares during the period. HighPoint Advisor Group LLC’s holdings in Boeing were worth $3,534,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter valued at $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter worth about $28,000. HighMark Wealth Management LLC raised its position in shares of Boeing by 121.6% during the 4th 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. Finally, Anfield Capital Management LLC raised its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, 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 BA stock opened at $172.98 on Monday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The firm has a market capitalization of $129.74 billion, a PE ratio of -9.44 and a beta of 1.53. The stock’s 50-day simple moving average is $173.98 and its 200-day simple moving average is $164.22.

Boeing (NYSE:BA) last posted its quarterly 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 prior year, the firm earned ($0.47) EPS. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

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.