Transcendent Capital Group LLC Sells 164 Shares of The Boeing Company (NYSE:BA)

Transcendent Capital Group LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 36.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284 shares of the aircraft producer’s stock after selling 164 shares during the period. Transcendent Capital Group LLC’s holdings in Boeing were worth $50,000 at the end of the most recent quarter.

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

Boeing Trading Up 1.7 %

NYSE BA opened at $180.12 on Tuesday. The company has a fifty day moving average price of $176.87 and a 200-day moving average price of $164.47. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) EPS. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.