Certuity LLC Purchases 31,995 Shares of The Boeing Company (NYSE:BA)

Certuity LLC increased its position in The Boeing Company (NYSE:BA) by 2,118.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,505 shares of the aircraft producer’s stock after purchasing an additional 31,995 shares during the quarter. Certuity LLC’s holdings in Boeing were worth $5,930,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Indiana Trust & Investment Management Co boosted its position in shares of Boeing by 19.9% during the 4th quarter. Indiana Trust & Investment Management Co now owns 1,205 shares of the aircraft producer’s stock valued at $213,000 after acquiring an additional 200 shares in the last quarter. Beacon Financial Group acquired a new stake in Boeing during the fourth quarter valued at approximately $221,000. Louisiana State Employees Retirement System raised its holdings in shares of Boeing by 21.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 40,200 shares of the aircraft producer’s stock worth $7,115,000 after buying an additional 7,200 shares in the last quarter. Sonata Capital Group Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $207,000. Finally, David Wealth Management LLC acquired a new stake in Boeing in the 4th quarter valued at $213,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $180.51 on Wednesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $209.80. The firm has a market capitalization of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52. The company’s 50 day simple moving average is $172.70 and its 200 day simple moving average is $163.99.

Boeing (NYSE:BA) last announced its quarterly earnings results 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 in the prior year, the business earned ($0.47) EPS. As a group, analysts predict that The Boeing Company will post -2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. UBS Group lifted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.