Delta Financial Group Inc. Acquires 270 Shares of The Boeing Company (NYSE:BA)

Delta Financial Group Inc. grew its holdings in The Boeing Company (NYSE:BA) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,543 shares of the aircraft producer’s stock after acquiring an additional 270 shares during the period. Delta Financial Group Inc.’s holdings in Boeing were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in BA. Spectrum Financial Alliance Ltd LLC raised its holdings in Boeing by 2.5% in the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 272,153 shares of the aircraft producer’s stock valued at $48,171,000 after acquiring an additional 6,663 shares during the period. MONECO Advisors LLC grew its position in shares of Boeing by 28.6% in the fourth quarter. MONECO Advisors LLC now owns 5,548 shares of the aircraft producer’s stock valued at $982,000 after purchasing an additional 1,234 shares during the last quarter. Pavion Blue Capital LLC increased its stake in shares of Boeing by 87.2% during the fourth quarter. Pavion Blue Capital LLC now owns 3,866 shares of the aircraft producer’s stock worth $684,000 after purchasing an additional 1,801 shares during the period. Howard Capital Management Inc. increased its stake in shares of Boeing by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 3,576 shares of the aircraft producer’s stock worth $633,000 after purchasing an additional 180 shares during the period. Finally, TCW Group Inc. acquired a new stake in Boeing during the 4th quarter worth approximately $2,833,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now 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 filing with the SEC, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Boeing Trading Down 2.0 %

BA opened at $177.34 on Monday. The company has a market cap of $133.02 billion, a P/E ratio of -9.68 and a beta of 1.52. The company’s 50 day moving average is $176.74 and its 200-day moving average is $164.39. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) EPS. On average, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. UBS Group lifted their price objective on shares of 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 shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.