Coastal Bridge Advisors LLC Boosts Stock Position in The Boeing Company (NYSE:BA)

Coastal Bridge Advisors LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,546 shares of the aircraft producer’s stock after buying an additional 300 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Boeing were worth $1,336,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its holdings in Boeing by 39.8% in the 4th quarter. Deutsche Bank AG now owns 1,304,025 shares of the aircraft producer’s stock valued at $230,812,000 after purchasing an additional 371,119 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in Boeing during the fourth quarter worth $655,000. Diligent Investors LLC raised its position in Boeing by 1.7% in the fourth quarter. Diligent Investors LLC now owns 9,547 shares of the aircraft producer’s stock valued at $1,690,000 after purchasing an additional 156 shares during the period. Dunhill Financial LLC boosted its stake in Boeing by 21.3% during the fourth quarter. Dunhill Financial LLC now owns 421 shares of the aircraft producer’s stock worth $75,000 after buying an additional 74 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in shares of Boeing by 1.0% during the 4th quarter. EP Wealth Advisors LLC now owns 29,292 shares of the aircraft producer’s stock worth $5,185,000 after purchasing an additional 297 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on BA shares. Morgan Stanley increased their price target on shares of Boeing from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. TD Securities reiterated a “buy” rating and issued a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Citigroup boosted their target price on shares of Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $200.90.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This trade represents a 8.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $185.75 on Thursday. The company has a 50 day simple moving average of $165.87 and a 200-day simple moving average of $166.38. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The firm has a market capitalization of $140.05 billion, a price-to-earnings ratio of -10.14 and a beta of 1.41.

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

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.