The Boeing Company (NYSE:BA) Shares Sold by RPG Investment Advisory LLC

RPG Investment Advisory LLC trimmed its position in The Boeing Company (NYSE:BA) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,099 shares of the aircraft producer’s stock after selling 5,072 shares during the quarter. RPG Investment Advisory LLC’s holdings in Boeing were worth $9,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’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 completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Boeing Trading Down 2.0 %

Shares of NYSE:BA opened at $177.34 on Monday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The company’s 50 day moving average is $176.74 and its two-hundred day moving average is $164.39. The company has a market cap of $133.02 billion, a PE ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results 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 last year, the business posted ($0.47) EPS. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Citigroup boosted their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.