Transce3nd LLC Purchases New Position in The Boeing Company (NYSE:BA)

Transce3nd LLC bought a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,565 shares of the aircraft producer’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter worth about $28,000. HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% in the fourth 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 increased its stake in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $161.84 on Monday. The stock has a 50-day simple moving average of $166.41 and a two-hundred day simple moving average of $164.21. The firm has a market capitalization of $121.39 billion, a PE ratio of -8.83 and a beta of 1.24. The Boeing Company has a 52-week low of $128.88 and a 52-week 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Boeing from $113.00 to $111.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. 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 research note on Monday, January 6th. Citigroup upped their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $198.95.

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.