The Boeing Company (NYSE:BA) Shares Acquired by Ethic Inc.

Ethic Inc. increased its stake in shares of The Boeing Company (NYSE:BA) by 51.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,655 shares of the aircraft producer’s stock after buying an additional 2,942 shares during the quarter. Ethic Inc.’s holdings in Boeing were worth $1,532,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter valued at $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 position in Boeing during the fourth quarter worth about $28,000. HighMark Wealth Management LLC lifted its position 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 purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC boosted its holdings in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $201.85.

Boeing Price Performance

Shares of NYSE BA opened at $198.40 on Tuesday. The company has a 50-day simple moving average of $167.71 and a 200-day simple moving average of $167.30. The company has a market cap of $149.59 billion, a PE ratio of -10.83 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $199.91.

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 firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.13) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $3,471,596.97. The trade was a 14.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following 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 position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Boeing 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.