Jones Financial Companies Lllp Buys 10,808 Shares of The Boeing Company (NYSE:BA)

Jones Financial Companies Lllp boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,738 shares of the aircraft producer's stock after buying an additional 10,808 shares during the quarter. Jones Financial Companies Lllp's holdings in Boeing were worth $9,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BA. Riverview Trust Co increased its position in Boeing by 74.9% in the fourth quarter. Riverview Trust Co now owns 598 shares of the aircraft producer's stock worth $106,000 after buying an additional 256 shares in the last quarter. Bailard Inc. grew its stake in shares of Boeing by 18.5% during the 4th quarter. Bailard Inc. now owns 1,624 shares of the aircraft producer's stock valued at $287,000 after acquiring an additional 253 shares during the period. Norden Group LLC increased its holdings in Boeing by 19.2% in the 4th quarter. Norden Group LLC now owns 7,059 shares of the aircraft producer's stock worth $1,249,000 after acquiring an additional 1,135 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Boeing during the 4th quarter worth approximately $75,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Boeing by 26.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,802 shares of the aircraft producer's stock valued at $495,000 after purchasing an additional 591 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In related 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 $3,471,596.97. This represents 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. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Citigroup increased their target price on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and an average target price of $195.16.

Boeing Price Performance

Shares of NYSE:BA traded down $10.93 on Tuesday, hitting $159.14. 15,829,944 shares of the company's stock were exchanged, compared to its average volume of 7,761,621. The business's 50 day simple moving average is $176.72 and its two-hundred day simple moving average is $164.64. The stock has a market capitalization of $119.36 billion, a price-to-earnings ratio of -8.69 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $203.80.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal 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.