Ndwm LLC Purchases Shares of 1,227 The Boeing Company (NYSE:BA)

Ndwm LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,227 shares of the aircraft producer’s stock, valued at approximately $217,000.

Several other large investors also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. raised its position in shares of Boeing by 23.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock valued at $456,000 after buying an additional 570 shares in the last quarter. Modera Wealth Management LLC lifted its stake in Boeing by 12.6% in the 3rd quarter. Modera Wealth Management LLC now owns 6,237 shares of the aircraft producer’s stock valued at $948,000 after purchasing an additional 700 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Boeing by 4.6% in the third quarter. Frank Rimerman Advisors LLC now owns 2,906 shares of the aircraft producer’s stock valued at $442,000 after buying an additional 128 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Boeing by 34.4% during the third quarter. Concord Wealth Partners now owns 504 shares of the aircraft producer’s stock worth $77,000 after buying an additional 129 shares during the last quarter. Finally, Orrstown Financial Services Inc. bought a new stake in Boeing during the 3rd quarter worth $251,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Price Performance

Shares of BA opened at $178.36 on Wednesday. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The company has a market cap of $133.78 billion, a PE ratio of -9.74 and a beta of 1.52. The stock has a 50-day moving average of $176.98 and a 200-day moving average of $164.55.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. Analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 in the company, 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 the SEC website. 0.16% of the stock is currently owned by company 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.