Flagship Wealth Advisors LLC Purchases New Position in The Boeing Company (NYSE:BA)

Flagship Wealth Advisors LLC acquired a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 674 shares of the aircraft producer’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. Sierra Ocean LLC bought a new stake in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent research reports. Citigroup increased their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company raised their target price on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were 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 $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Boeing Trading Up 0.1 %

Boeing stock opened at $162.04 on Tuesday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The business’s 50 day simple moving average is $173.05 and its 200 day simple moving average is $163.49. The company has a market cap of $121.54 billion, a price-to-earnings ratio of -8.84 and a beta of 1.53.

Boeing (NYSE:BA) last issued its earnings results 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 earned ($0.47) EPS. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.