BankPlus Trust Department Invests $35,000 in The Boeing Company (NYSE:BA)

BankPlus Trust Department acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 198 shares of the aircraft producer’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC lifted its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock opened at $178.36 on Wednesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The business’s 50 day moving average price is $176.98 and its two-hundred day moving average price is $164.55. The company has a market capitalization of $133.78 billion, a price-to-earnings ratio of -9.74 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the firm posted ($0.47) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on 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 owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.