Brooklyn FI LLC Takes Position in The Boeing Company (NYSE:BA)

Brooklyn FI LLC purchased a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,240 shares of the aircraft producer’s stock, valued at approximately $573,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC grew 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 worth $29,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on 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 directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BA shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned 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 target price of $195.68.

Boeing Stock Up 6.8 %

BA stock opened at $172.57 on Thursday. The company has a market cap of $129.44 billion, a price-to-earnings ratio of -9.42 and a beta of 1.53. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The business has a 50 day moving average price of $172.84 and a two-hundred day moving average price of $163.47.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.