Zions Bancorporation N.A. Increases Stock Position in The Boeing Company (NYSE:BA)

Zions Bancorporation N.A. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 157.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,987 shares of the aircraft producer’s stock after buying an additional 2,437 shares during the period. Zions Bancorporation N.A.’s holdings in Boeing were worth $706,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its holdings in Boeing by 121.6% during 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 last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA stock opened at $178.42 on Thursday. The firm has a market capitalization of $133.83 billion, a price-to-earnings ratio of -9.74 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The company has a 50 day moving average price of $173.74 and a 200 day moving average price of $164.00.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BA. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday, March 17th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

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.