Tower Research Capital LLC TRC Increases Stock Position in The Boeing Company (NYSE:BA)

Tower Research Capital LLC TRC increased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 43.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,540 shares of the aircraft producer's stock after acquiring an additional 19,375 shares during the quarter. Tower Research Capital LLC TRC's holdings in Boeing were worth $11,247,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its holdings in shares of 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 purchasing an additional 95 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 2.4 %

Shares of BA traded up $4.10 on Thursday, reaching $176.47. The stock had a trading volume of 7,404,019 shares, compared to its average volume of 9,105,408. The firm has a 50-day moving average of $165.18 and a 200 day moving average of $164.29. The firm has a market capitalization of $132.36 billion, a PE ratio of -9.63 and a beta of 1.24. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BA shares. Benchmark dropped their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Wells Fargo & Company restated an "underweight" rating and set a $140.00 price target (up from $111.00) on shares of Boeing in a research report on Wednesday. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $198.45.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

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.