1,656 Shares in The Boeing Company (NYSE:BA) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,656 shares of the aircraft producer’s stock, valued at approximately $293,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC increased its stake in shares of Boeing by 17.5% in the third quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock valued at $738,000 after buying an additional 724 shares in the last quarter. Truvestments Capital LLC bought a new stake in Boeing during the 3rd quarter worth about $58,000. Qsemble Capital Management LP increased its position in Boeing by 33.5% in the 3rd quarter. Qsemble Capital Management LP now owns 7,645 shares of the aircraft producer’s stock valued at $1,162,000 after acquiring an additional 1,917 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Boeing in the third quarter worth about $1,295,000. Finally, Cadence Bank lifted its position in shares of Boeing by 5.6% during the third quarter. Cadence Bank now owns 3,043 shares of the aircraft producer’s stock worth $463,000 after purchasing an additional 162 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BA. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Melius Research raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.68.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

Boeing Trading Down 2.3 %

NYSE:BA opened at $178.42 on Thursday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The stock has a 50-day moving average price of $173.74 and a two-hundred day moving average price of $164.00. The stock has a market cap of $133.83 billion, a price-to-earnings ratio of -9.74 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Company 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.