Custos Family Office LLC Invests $598,000 in The Boeing Company (NYSE:BA)

Custos Family Office LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, Holdings Channel reports. The firm bought 3,377 shares of the aircraft producer’s stock, valued at approximately $598,000.

Several other large investors also recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Boeing during the fourth quarter valued at $230,944,000. Amundi lifted its stake in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the period. Burkehill Global Management LP acquired a new position in shares of Boeing during the fourth quarter valued at $212,400,000. Franklin Resources Inc. lifted its stake in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after acquiring an additional 1,055,472 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after acquiring an additional 981,796 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $162.04 on Tuesday. The company has a market cap of $121.54 billion, a PE ratio of -8.84 and a beta of 1.53. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a 50-day simple moving average of $173.05 and a 200 day simple moving average of $163.49.

Boeing (NYSE:BA) last posted 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 period last year, the company posted ($0.47) earnings per share. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. StockNews.com raised Boeing to a “sell” rating in a research note on Wednesday, March 12th. Citigroup increased their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft increased their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company increased their target price on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday. Two equities 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

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.