6,294 Shares in The Boeing Company (NYSE:BA) Acquired by Tang Capital Management LLC

Tang Capital Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,294 shares of the aircraft producer’s stock, valued at approximately $1,114,000.

Other large investors have also recently modified their holdings of the company. Park Avenue Securities LLC increased its stake in Boeing by 23.7% during the 4th quarter. Park Avenue Securities LLC now owns 11,486 shares of the aircraft producer’s stock valued at $2,033,000 after purchasing an additional 2,202 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Boeing by 47.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,419 shares of the aircraft producer’s stock valued at $782,000 after purchasing an additional 1,421 shares in the last quarter. Carnegie Investment Counsel increased its stake in Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 2,943 shares in the last quarter. KMG Fiduciary Partners LLC increased its stake in Boeing by 5.9% during the 4th quarter. KMG Fiduciary Partners LLC now owns 3,529 shares of the aircraft producer’s stock valued at $625,000 after purchasing an additional 196 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Boeing by 8.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,122 shares of the aircraft producer’s stock valued at $1,615,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.2%

BA stock opened at $205.88 on Friday. The company’s 50-day simple moving average is $171.81 and its 200-day simple moving average is $168.65. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The firm has a market cap of $155.23 billion, a P/E ratio of -11.24 and a beta of 1.41.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.13) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,263 shares of company stock valued at $1,950,150. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Citigroup upped their price target on shares of Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Wells Fargo & Company restated an “underweight” rating and set a $140.00 price target (up previously from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Morgan Stanley increased their price objective on shares of Boeing from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday. Benchmark decreased their target price on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.35.

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.