Phoenix Financial Ltd. Invests $5.01 Million in The Boeing Company (NYSE:BA)

Phoenix Financial Ltd. acquired a new stake in 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 acquired 28,314 shares of the aircraft producer's stock, valued at approximately $5,012,000.

A number of other large investors have also added to or reduced their stakes in BA. Continuum Advisory LLC raised its position in shares of Boeing by 22.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,528 shares of the aircraft producer's stock valued at $232,000 after buying an additional 281 shares in the last quarter. Executive Wealth Management LLC bought a new position in Boeing during the 3rd quarter worth $264,000. Resources Management Corp CT ADV boosted its holdings in Boeing by 322.4% in the third quarter. Resources Management Corp CT ADV now owns 1,225 shares of the aircraft producer's stock valued at $186,000 after acquiring an additional 935 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in Boeing by 16.5% during the third quarter. Prestige Wealth Management Group LLC now owns 1,025 shares of the aircraft producer's stock worth $156,000 after buying an additional 145 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock valued at $1,774,705,000 after purchasing an additional 320,415 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BA shares. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. StockNews.com raised Boeing to a "sell" rating in a research note on Saturday, April 5th. Finally, JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of "Moderate Buy" and an average price target of $196.10.

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Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was 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. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 0.8 %

BA traded up $1.25 during trading on Monday, reaching $158.09. 3,050,989 shares of the company were exchanged, compared to its average volume of 9,003,126. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95. The company has a market cap of $118.58 billion, a price-to-earnings ratio of -8.63 and a beta of 1.24. The company's 50-day moving average is $168.68 and its two-hundred day moving average is $164.00.

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 the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. Equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

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.