Argent Advisors Inc. Acquires 244 Shares of The Boeing Company (NYSE:BA)

Argent Advisors Inc. grew its holdings in The Boeing Company (NYSE:BA) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,833 shares of the aircraft producer’s stock after acquiring an additional 244 shares during the period. Argent Advisors Inc.’s holdings in Boeing were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in BA. Sierra Ocean LLC purchased a new position in shares of Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC lifted its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 0.1 %

Shares of NYSE:BA opened at $162.04 on Tuesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a market cap of $121.54 billion, a P/E ratio of -8.84 and a beta of 1.53. The business’s 50 day moving average is $173.05 and its 200 day moving average is $163.49.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BA shares. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company upped their price objective on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the 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 sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by 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.