The Boeing Company (NYSE:BA) Shares Acquired by Maiden Cove Capital LLC

Maiden Cove Capital LLC boosted its holdings in The Boeing Company (NYSE:BA) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,343 shares of the aircraft producer’s stock after buying an additional 174 shares during the period. Maiden Cove Capital LLC’s holdings in Boeing were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter worth about $28,000. HighMark Wealth Management LLC raised its holdings in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BA shares. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. UBS Group raised their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Up 1.7 %

Shares of BA opened at $162.00 on Friday. The firm has a market cap of $121.51 billion, a price-to-earnings ratio of -8.84 and a beta of 1.53. The stock has a 50 day moving average of $173.23 and a 200-day moving average of $163.68. 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 earnings results 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 period in the prior year, the business posted ($0.47) earnings per share. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.