Transce3nd LLC Purchases New Position in The Boeing Company (NYSE:BA)

Transce3nd LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,565 shares of the aircraft producer's stock, valued at approximately $277,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC raised its stake in Boeing by 113.1% during the 4th 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. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value 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. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Boeing Trading Up 2.3 %

BA traded up $3.90 during midday trading on Thursday, reaching $176.27. The company's stock had a trading volume of 10,971,155 shares, compared to its average volume of 9,118,366. The company has a fifty day simple moving average of $165.18 and a 200 day simple moving average of $164.29. The stock has a market cap of $132.22 billion, a P/E ratio of -9.62 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 earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday. TD Securities reaffirmed a "buy" rating and set a $180.00 target price on shares of Boeing in a research report on Thursday. Morgan Stanley upped their price objective on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Melius Research set a $204.00 price target on Boeing in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.45.

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.