Brooklyn FI LLC Takes Position in The Boeing Company (NYSE:BA)

Brooklyn FI LLC bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,240 shares of the aircraft producer's stock, valued at approximately $573,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the 4th quarter worth $28,000. Finally, HighMark Wealth Management LLC raised its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 transaction, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

BA has been the topic of several recent analyst reports. Susquehanna lifted their target price on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.68.

Boeing Trading Up 1.6 %

NYSE:BA traded up $2.79 on Monday, hitting $180.90. The company had a trading volume of 9,954,254 shares, compared to its average volume of 8,664,222. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The stock has a market capitalization of $135.69 billion, a price-to-earnings ratio of -9.87 and a beta of 1.53. The firm has a 50 day moving average of $172.98 and a two-hundred day moving average of $163.59.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. As a group, equities analysts forecast 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.