Ariston Services Group Makes New $325,000 Investment in The Boeing Company (NYSE:BA)

Ariston Services Group bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,835 shares of the aircraft producer's stock, valued at approximately $325,000.

Other large investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its stake in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after purchasing an additional 710 shares during the period. Rockefeller Capital Management L.P. lifted its position in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock valued at $72,075,000 after purchasing an additional 38,300 shares during the last quarter. Carnegie Investment Counsel lifted its position in Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. lifted its position in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after purchasing an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of NYSE:BA traded down $10.93 during midday trading on Tuesday, reaching $159.14. 15,829,944 shares of the company's stock traded hands, compared to its average volume of 7,761,621. The Boeing Company has a one year low of $137.03 and a one year high of $203.80. The stock has a 50 day moving average of $176.32 and a 200 day moving average of $164.50. The company has a market cap of $119.36 billion, a price-to-earnings ratio of -8.69 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last posted its 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 quarter in the prior year, the company earned ($0.47) earnings per share. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on BA shares. Wells Fargo & Company boosted their price objective on Boeing from $85.00 to $103.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. 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 boosted their target price on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $195.16.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's 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 sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.