Mindset Wealth Management LLC Invests $210,000 in The Boeing Company (NYSE:BA)

Mindset Wealth Management LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,189 shares of the aircraft producer’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing during the 3rd quarter worth $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. StockNews.com upgraded Boeing to a “sell” rating in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research 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 company. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Stock Up 0.1 %

Shares of BA opened at $172.82 on Friday. The business has a 50-day simple moving average of $172.86 and a two-hundred day simple moving average of $163.54. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The stock has a market cap of $129.63 billion, a PE ratio of -9.43 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings data 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 prior year, the business earned ($0.47) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s 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 directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

About Boeing

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.