Grant Private Wealth Management Inc Acquires Shares of 5,099 The Boeing Company (NYSE:BA)

Grant Private Wealth Management Inc acquired a new position in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,099 shares of the aircraft producer's stock, valued at approximately $903,000. Boeing accounts for about 1.0% of Grant Private Wealth Management Inc's holdings, making the stock its 25th largest position.

Other hedge funds have also bought and sold shares of the company. Keynote Financial Services LLC grew 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 acquiring an additional 57 shares during the period. Chaney Capital Management Inc. lifted its holdings in Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after purchasing an additional 59 shares in the last quarter. Center for Financial Planning Inc. increased its stake in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after purchasing an additional 60 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its stake in shares of Boeing by 1.3% in the fourth 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 in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

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Boeing Price Performance

Shares of NYSE:BA traded down $17.75 during trading on Thursday, hitting $150.81. The company had a trading volume of 15,843,847 shares, compared to its average volume of 8,837,211. The stock has a market cap of $113.12 billion, a price-to-earnings ratio of -8.23 and a beta of 1.53. The company has a fifty day simple moving average of $173.15 and a two-hundred day simple moving average of $164.29. The Boeing Company has a one year low of $137.03 and a one year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly 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 in the prior year, the company posted ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly 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 is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Finally, Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $196.10.

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.