Capital Advantage Inc. Purchases New Position in The Boeing Company (NYSE:BA)

Capital Advantage Inc. acquired a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,887 shares of the aircraft producer’s stock, valued at approximately $511,000.

Several other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its stake in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

Shares of BA stock opened at $186.42 on Tuesday. The company’s 50-day simple moving average is $165.41 and its 200-day simple moving average is $166.11. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The stock has a market capitalization of $140.56 billion, a price-to-earnings ratio of -10.18 and a beta of 1.40.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.13) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BA shares. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. UBS Group increased their price objective on shares of Boeing from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, TD Securities reissued a “buy” rating and set a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.90.

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.