Empire Financial Management Company LLC Buys 1,300 Shares of The Boeing Company (NYSE:BA)

Empire Financial Management Company LLC grew its position in The Boeing Company (NYSE:BA) by 35.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,000 shares of the aircraft producer’s stock after purchasing an additional 1,300 shares during the period. Empire Financial Management Company LLC’s holdings in Boeing were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC boosted its holdings in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Fisher Asset Management LLC boosted its holdings in Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock valued at $890,469,000 after purchasing an additional 164,042 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 worth $739,585,000 after purchasing an additional 981,796 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Boeing by 17.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer’s stock valued at $694,091,000 after buying an additional 581,987 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Up 6.1 %

Shares of BA opened at $172.47 on Thursday. The firm’s fifty day simple moving average is $165.18 and its two-hundred day simple moving average is $164.29. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The stock has a market capitalization of $129.37 billion, a P/E ratio of -9.41 and a beta of 1.24.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. As a group, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BA shares. Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a research report on Wednesday. Benchmark cut their price objective on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research report on Monday. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. JPMorgan Chase & Co. increased their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.11.

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.