Berkeley Capital Partners LLC Buys New Position in The Boeing Company (NYSE:BA)

Berkeley Capital Partners LLC purchased a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, Holdings Channel reports. The firm purchased 1,271 shares of the aircraft producer’s stock, valued at approximately $225,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Boeing during the fourth quarter worth approximately $230,944,000. Amundi boosted its stake in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the period. Burkehill Global Management LP purchased a new position in Boeing during the 4th quarter worth $212,400,000. Franklin Resources Inc. increased its stake in Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Boeing by 30.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after buying an additional 981,796 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’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 value of $570,799.71. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft raised their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Price Performance

BA opened at $172.82 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The stock has a market cap of $129.63 billion, a P/E ratio of -9.43 and a beta of 1.53. The stock’s 50 day simple moving average is $172.86 and its 200 day simple moving average is $163.54.

Boeing (NYSE:BA) last posted its earnings results 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 quarter in the prior year, the business earned ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.