Peregrine Asset Advisers Inc. Grows Stock Position in The Boeing Company (NYSE:BA)

Peregrine Asset Advisers Inc. grew its position in shares of The Boeing Company (NYSE:BA) by 55.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,235 shares of the aircraft producer’s stock after buying an additional 800 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Boeing were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Chaney Capital Management Inc. lifted its holdings in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after buying an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. lifted its stake in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after acquiring an additional 60 shares during the last quarter. Transcend Capital Advisors LLC grew its position in Boeing by 1.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after acquiring an additional 61 shares in the last quarter. Finally, Beacon Capital Management LLC increased its stake in shares of Boeing by 4.0% during the 4th quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock worth $302,000 after purchasing an additional 65 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 2.0 %

Shares of NYSE BA opened at $177.34 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The firm’s 50-day moving average is $176.74 and its 200-day moving average is $164.39. The firm has a market capitalization of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52.

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 previous year, the company earned ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction 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 sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.