GWN Securities Inc. Acquires Shares of 4,651 The Boeing Company (NYSE:BA)

GWN Securities Inc. bought a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,651 shares of the aircraft producer’s stock, valued at approximately $819,000.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Assetmark Inc. increased its stake in shares of Boeing by 65.2% during the third quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 417 shares in the last quarter. KBC Group NV increased its stake in shares of Boeing by 5.1% during the third quarter. KBC Group NV now owns 45,583 shares of the aircraft producer’s stock worth $6,930,000 after purchasing an additional 2,201 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of Boeing by 85.4% during the third quarter. Zions Bancorporation N.A. now owns 1,550 shares of the aircraft producer’s stock worth $236,000 after purchasing an additional 714 shares in the last quarter. CIBC Asset Management Inc boosted its position in Boeing by 8.9% during the third quarter. CIBC Asset Management Inc now owns 89,401 shares of the aircraft producer’s stock worth $13,593,000 after acquiring an additional 7,295 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Boeing by 3.5% during the third quarter. Empowered Funds LLC now owns 15,006 shares of the aircraft producer’s stock worth $2,282,000 after acquiring an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.7 %

Shares of BA opened at $162.00 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The firm’s 50 day moving average price is $173.23 and its 200 day moving average price is $163.62. The company has a market cap of $121.51 billion, a P/E ratio of -8.84 and a beta of 1.53.

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 prior year, the firm earned ($0.47) EPS. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BA shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their price target 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 boosted their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Citigroup boosted their price target 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $195.16.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is 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.