Horizon Investments LLC Buys 168 Shares of The Boeing Company (NYSE:BA)

Horizon Investments LLC lifted its stake in The Boeing Company (NYSE:BA) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 8,112 shares of the aircraft producer’s stock after acquiring an additional 168 shares during the quarter. Horizon Investments LLC’s holdings in Boeing were worth $1,436,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Custos Family Office LLC acquired a new stake in shares of Boeing in the fourth quarter worth $598,000. Clarity Wealth Development LLC bought a new position in Boeing in the 4th quarter worth $226,000. PDS Planning Inc lifted its position in Boeing by 7.0% during the 4th quarter. PDS Planning Inc now owns 3,009 shares of the aircraft producer’s stock worth $533,000 after acquiring an additional 198 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in Boeing by 15.5% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 15,527 shares of the aircraft producer’s stock valued at $2,748,000 after acquiring an additional 2,089 shares during the period. Finally, Mystic Asset Management Inc. grew its position in shares of Boeing by 4.2% in the fourth quarter. Mystic Asset Management Inc. now owns 15,790 shares of the aircraft producer’s stock valued at $2,795,000 after purchasing an additional 636 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Boeing stock opened at $172.57 on Thursday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a fifty day moving average price of $172.84 and a two-hundred day moving average price of $163.47. The firm has a market capitalization of $129.44 billion, a P/E ratio of -9.42 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on BA. UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was 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 directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate 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.