16,008 Shares in The Boeing Company (NYSE:BA) Acquired by TCW Group Inc.

TCW Group Inc. acquired a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,008 shares of the aircraft producer’s stock, valued at approximately $2,833,000.

Other large investors also recently modified their holdings of the company. Carl P. Sherr & Co. LLC acquired a new position in shares of Boeing during the fourth quarter worth $866,000. Peregrine Asset Advisers Inc. raised its stake in Boeing by 55.7% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,235 shares of the aircraft producer’s stock valued at $396,000 after buying an additional 800 shares in the last quarter. Capital Advisory Group Advisory Services LLC purchased a new stake in Boeing during the 4th quarter worth about $426,000. Transcend Capital Advisors LLC boosted its position in shares of Boeing by 1.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after acquiring an additional 61 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of Boeing by 19.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 3,286 shares of the aircraft producer’s stock valued at $582,000 after acquiring an additional 543 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

NYSE:BA opened at $177.34 on Monday. The firm has a market cap of $133.02 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52. The firm’s fifty day moving average price is $176.74 and its 200 day moving average price is $164.39. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last issued 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 last year, the firm earned ($0.47) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing 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 owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. 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. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research 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 note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.