HBK Sorce Advisory LLC Acquires 264 Shares of The Boeing Company (NYSE:BA)

HBK Sorce Advisory LLC increased its holdings in The Boeing Company (NYSE:BA) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,674 shares of the aircraft producer’s stock after purchasing an additional 264 shares during the period. HBK Sorce Advisory LLC’s holdings in Boeing were worth $1,712,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BA. Raymond James Financial Inc. bought a new stake in Boeing during the fourth quarter valued at about $230,944,000. Amundi raised its position in Boeing by 473.6% in the fourth 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 in the last quarter. Burkehill Global Management LP acquired a new position in Boeing in the fourth quarter worth about $212,400,000. Franklin Resources Inc. raised its position 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 worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after buying an additional 981,796 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 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 is accessible through the SEC website. 0.16% of the stock is owned by insiders.

Boeing Stock Performance

Shares of BA stock opened at $159.05 on Friday. The firm’s 50-day moving average is $173.39 and its 200-day moving average is $163.76. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a market cap of $119.30 billion, a price-to-earnings ratio of -8.68 and a beta of 1.53.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on BA shares. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. StockNews.com raised shares of Boeing to a “sell” rating in a report on Wednesday. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.