AGP Franklin LLC Invests $1.65 Million in The Boeing Company (NYSE:BA)

AGP Franklin LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,292 shares of the aircraft producer's stock, valued at approximately $1,645,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Keynote Financial Services LLC raised its holdings in Boeing by 3.8% during the fourth 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 in the last quarter. Chaney Capital Management Inc. raised 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 purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of 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 buying an additional 59 shares during the last quarter. Center for Financial Planning Inc. lifted 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 valued at $99,000 after buying an additional 60 shares during the period. Finally, Trek Financial LLC increased its stake in Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup boosted their price objective on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on Boeing from $113.00 to $111.00 and set an "underweight" rating for the company in a report on Tuesday. UBS Group boosted their price objective on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $198.95.

Boeing Stock Performance

NYSE BA traded up $5.37 during trading on Friday, hitting $161.84. The stock had a trading volume of 9,213,706 shares, compared to its average volume of 9,054,624. The company has a market capitalization of $121.39 billion, a PE ratio of -8.83 and a beta of 1.24. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The company's 50-day moving average price is $166.41 and its two-hundred day moving average price is $164.03.

Boeing (NYSE:BA - Get Free Report) last announced 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 last year, the business posted ($0.47) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other 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 value 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 $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company's stock.

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.