CIBC Private Wealth Group LLC Acquires 4,436 Shares of The Boeing Company (NYSE:BA)

CIBC Private Wealth Group LLC grew its stake in The Boeing Company (NYSE:BA) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,983 shares of the aircraft producer’s stock after acquiring an additional 4,436 shares during the period. CIBC Private Wealth Group LLC’s holdings in Boeing were worth $8,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Public Sector Pension Investment Board lifted its stake in Boeing by 17.4% in the third quarter. Public Sector Pension Investment Board now owns 25,590 shares of the aircraft producer’s stock valued at $3,891,000 after acquiring an additional 3,800 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in Boeing by 12.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 18,239 shares of the aircraft producer’s stock valued at $2,773,000 after purchasing an additional 1,956 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Boeing by 209.3% during the third quarter. Benjamin Edwards Inc. now owns 13,864 shares of the aircraft producer’s stock worth $2,108,000 after purchasing an additional 9,381 shares during the period. Concentric Capital Strategies LP acquired a new position in Boeing during the third quarter worth approximately $2,133,000. Finally, Investment Management Corp of Ontario raised its stake in Boeing by 48.8% in the third quarter. Investment Management Corp of Ontario now owns 19,201 shares of the aircraft producer’s stock valued at $2,919,000 after buying an additional 6,300 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were 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 approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Boeing Stock Down 1.5 %

BA stock opened at $167.92 on Wednesday. The company’s 50-day moving average price is $173.82 and its two-hundred day moving average price is $164.36. The firm has a market cap of $125.95 billion, a P/E ratio of -9.17 and a beta of 1.53. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 period last year, the company posted ($0.47) earnings per share. Equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on BA shares. Citigroup lifted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $195.68.

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.