Concorde Asset Management LLC Invests $295,000 in The Boeing Company (NYSE:BA)

Concorde Asset Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,668 shares of the aircraft producer's stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new position in Boeing in the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $28,000. HighMark Wealth Management LLC increased its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC raised its holdings in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares during the period. Institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BA shares. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. StockNews.com raised shares of Boeing to a "sell" rating in a research note on Saturday, April 5th. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $196.00.

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Boeing Trading Down 1.2 %

BA traded down $1.90 during trading on Tuesday, hitting $157.38. The stock had a trading volume of 7,704,217 shares, compared to its average volume of 9,014,812. The firm has a market cap of $118.05 billion, a PE ratio of -8.59 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 has a 50 day simple moving average of $168.23 and a 200-day simple moving average of $164.02.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 period last year, the company posted ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company's stock.

About Boeing

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.