Symmetry Investments LP purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 52,873 shares of the aircraft producer's stock, valued at approximately $9,359,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Virtu Financial LLC bought a new stake in Boeing in the 3rd quarter valued at $7,544,000. World Investment Advisors LLC increased its holdings in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 3,814 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Boeing by 290.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock worth $2,593,000 after buying an additional 12,680 shares in the last quarter. Tidal Investments LLC boosted its stake in Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock valued at $5,812,000 after buying an additional 804 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after buying an additional 1,055,472 shares in the last quarter. 64.82% of the stock is owned by institutional investors.
Insider Activity at Boeing
In related 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 of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on BA. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. UBS Group upped their price target on shares of Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research note on Thursday. Benchmark lowered their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $198.45.
View Our Latest Report on Boeing
Boeing Stock Performance
NYSE BA traded up $1.66 on Friday, reaching $177.92. 7,635,951 shares of the stock traded hands, compared to its average volume of 9,051,989. 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 $133.46 billion, a price-to-earnings ratio of -9.71 and a beta of 1.24. The company has a fifty day moving average price of $164.87 and a 200-day moving average price of $164.59.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.
Boeing Company Profile
(
Free Report)
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.
Further Reading
Before you consider Boeing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Boeing wasn't on the list.
While Boeing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
