D L Carlson Investment Group Inc. Increases Stake in The Boeing Company (NYSE:BA)

D L Carlson Investment Group Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 920.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,568 shares of the aircraft producer’s stock after acquiring an additional 21,259 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Boeing were worth $4,172,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the 4th quarter worth about $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% during 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. Finally, Anfield Capital Management LLC boosted its holdings in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after buying an additional 95 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 3.4 %

Shares of NYSE BA opened at $172.98 on Monday. The firm’s 50-day moving average price is $173.98 and its two-hundred day moving average price is $164.22. The stock has a market capitalization of $129.74 billion, a P/E ratio of -9.44 and a beta of 1.53. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95.

Boeing (NYSE:BA) last issued its quarterly 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 in the prior year, the business earned ($0.47) EPS. As a group, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction 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 owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BA. Citigroup raised their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $195.68.

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.