Nicolet Advisory Services LLC Buys 179 Shares of The Boeing Company (NYSE:BA)

Nicolet Advisory Services LLC boosted its position in The Boeing Company (NYSE:BA) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,081 shares of the aircraft producer’s stock after purchasing an additional 179 shares during the period. Nicolet Advisory Services LLC’s holdings in Boeing were worth $1,734,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. boosted its holdings in shares of Boeing by 209.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,864 shares of the aircraft producer’s stock valued at $2,108,000 after acquiring an additional 9,381 shares in the last quarter. Investment Management Corp of Ontario increased its stake in Boeing by 48.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 19,201 shares of the aircraft producer’s stock valued at $2,919,000 after buying an additional 6,300 shares during the last quarter. Pingora Partners LLC lifted its stake in Boeing by 10.6% in the third quarter. Pingora Partners LLC now owns 12,186 shares of the aircraft producer’s stock valued at $1,853,000 after purchasing an additional 1,165 shares during the last quarter. Royal London Asset Management Ltd. raised its position in shares of Boeing by 2.9% in the third quarter. Royal London Asset Management Ltd. now owns 236,811 shares of the aircraft producer’s stock valued at $36,005,000 after purchasing an additional 6,676 shares during the period. Finally, Quarry LP lifted its holdings in shares of Boeing by 12.6% in the third quarter. Quarry LP now owns 688 shares of the aircraft producer’s stock worth $105,000 after buying an additional 77 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $168.79 on Thursday. The company has a market capitalization of $126.60 billion, a P/E ratio of -9.21 and a beta of 1.53. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The company has a 50-day moving average of $173.70 and a 200-day moving average of $164.39.

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

Wall Street Analysts Forecast Growth

BA has been the subject of several analyst reports. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday, March 17th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective 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, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $196.10.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the 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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

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.