The Boeing Company (NYSE:BA) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp grew its stake in shares of The Boeing Company (NYSE:BA) by 15.4% in the 4th quarter, HoldingsChannel reports. The firm owned 258,528 shares of the aircraft producer’s stock after acquiring an additional 34,495 shares during the quarter. Cibc World Markets Corp’s holdings in Boeing were worth $45,759,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BA. Assetmark Inc. lifted its position in shares of Boeing by 65.2% in the third quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 417 shares in the last quarter. KBC Group NV lifted its position in Boeing by 5.1% in the 3rd quarter. KBC Group NV now owns 45,583 shares of the aircraft producer’s stock worth $6,930,000 after buying an additional 2,201 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Boeing by 8.9% during the third quarter. CIBC Asset Management Inc now owns 89,401 shares of the aircraft producer’s stock worth $13,593,000 after acquiring an additional 7,295 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Boeing by 3.5% during the third quarter. Empowered Funds LLC now owns 15,006 shares of the aircraft producer’s stock worth $2,282,000 after acquiring an additional 505 shares in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of Boeing during the third quarter worth $63,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other 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 directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup raised their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Up 1.7 %

BA stock opened at $162.00 on Monday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The company has a market cap of $121.51 billion, a PE ratio of -8.84 and a beta of 1.53. The business’s 50-day simple moving average is $173.23 and its 200 day simple moving average is $163.57.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.