UniSuper Management Pty Ltd Increases Position in The Boeing Company (NYSE:BA)

UniSuper Management Pty Ltd increased its holdings in The Boeing Company (NYSE:BA) by 53.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,312 shares of the aircraft producer’s stock after acquiring an additional 16,220 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Boeing were worth $8,197,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Keynote Financial Services LLC boosted its stake in shares of Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after buying an additional 57 shares during the last quarter. Chaney Capital Management Inc. boosted its stake in Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after acquiring an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after acquiring an additional 60 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its position in shares of Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $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 can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Monday. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Boeing Stock Up 0.4 %

BA stock opened at $179.18 on Friday. The company has a 50-day simple moving average of $173.95 and a 200 day simple moving average of $164.10. The company has a market capitalization of $134.40 billion, a P/E ratio of -9.78 and a beta of 1.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.