RWQ Financial Management Services Inc. Invests $3.39 Million in The Boeing Company (NYSE:BA)

RWQ Financial Management Services Inc. bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,175 shares of the aircraft producer's stock, valued at approximately $3,394,000. Boeing accounts for 1.3% of RWQ Financial Management Services Inc.'s portfolio, making the stock its 16th biggest holding.

A number of other institutional investors also recently modified their holdings of BA. Caprock Group LLC grew its stake in shares of Boeing by 2.5% in the third quarter. Caprock Group LLC now owns 10,234 shares of the aircraft producer's stock worth $1,556,000 after acquiring an additional 252 shares during the last quarter. Prospera Financial Services Inc grew its position in Boeing by 5.7% during the 3rd quarter. Prospera Financial Services Inc now owns 22,430 shares of the aircraft producer's stock valued at $3,411,000 after purchasing an additional 1,214 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Boeing by 33.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,485 shares of the aircraft producer's stock valued at $378,000 after purchasing an additional 621 shares in the last quarter. Howe & Rusling Inc. purchased a new position in Boeing in the third quarter worth about $243,000. Finally, First Horizon Advisors Inc. increased its position in shares of Boeing by 7.1% during the third quarter. First Horizon Advisors Inc. now owns 5,306 shares of the aircraft producer's stock valued at $807,000 after acquiring an additional 350 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BA shares. Northcoast Research raised Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. UBS Group lifted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Susquehanna boosted 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. Finally, StockNews.com raised Boeing to a "sell" rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of "Moderate Buy" and a consensus price target of $195.68.

Boeing Price Performance

NYSE BA traded up $1.81 on Tuesday, hitting $182.71. 7,157,704 shares of the company's stock were exchanged, compared to its average volume of 8,663,530. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The firm has a market cap of $137.05 billion, a price-to-earnings ratio of -9.97 and a beta of 1.53. The firm's 50-day moving average price is $173.19 and its two-hundred day moving average price is $163.72.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.