The Boeing Company (NYSE:BA) Stock Position Raised by OneAscent Financial Services LLC

OneAscent Financial Services LLC raised its position in The Boeing Company (NYSE:BA - Free Report) by 167.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,947 shares of the aircraft producer's stock after acquiring an additional 3,094 shares during the quarter. OneAscent Financial Services LLC's holdings in Boeing were worth $876,000 at the end of the most recent quarter.

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

Boeing Price Performance

Shares of NYSE BA traded down $14.30 during midday trading on Friday, reaching $136.61. 22,245,736 shares of the company traded hands, compared to its average volume of 8,890,506. The company has a market cap of $102.47 billion, a price-to-earnings ratio of -7.46 and a beta of 1.53. The stock has a 50-day moving average price of $173.15 and a 200 day moving average price of $164.29. The Boeing Company has a 52 week low of $132.84 and a 52 week high of $196.95.

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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 for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) EPS. As a group, analysts expect that The Boeing Company will post -2.58 EPS for the current year.

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 shares were 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 approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BA shares. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Wells Fargo & Company boosted their price objective on Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a report on Monday, March 17th. UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Finally, Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $196.10.

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.