Signature Estate & Investment Advisors LLC Has $903,000 Stock Position in The Boeing Company (NYSE:BA)

Signature Estate & Investment Advisors LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 86.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,101 shares of the aircraft producer’s stock after acquiring an additional 2,369 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Boeing were worth $903,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC grew its stake 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 valued at $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC increased its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com raised Boeing to a “sell” rating in a research report on Wednesday, March 12th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Boeing Stock Performance

Shares of NYSE:BA opened at $182.71 on Wednesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The company has a market capitalization of $137.05 billion, a PE ratio of -9.97 and a beta of 1.53. The company has a fifty day moving average of $173.50 and a 200-day moving average of $163.90.

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 period last year, the business earned ($0.47) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related 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 transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

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.