Anfield Capital Management LLC Boosts Stock Position in The Boeing Company (NYSE:BA)

Anfield Capital Management LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 113.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 179 shares of the aircraft producer’s stock after buying an additional 95 shares during the quarter. Anfield Capital Management LLC’s holdings in Boeing were worth $32,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BA. Sierra Ocean LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter valued at $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC boosted its stake 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 during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Price Performance

Shares of BA stock opened at $174.84 on Friday. The firm has a fifty day moving average of $176.87 and a two-hundred day moving average of $164.74. The firm has a market cap of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $206.62.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

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.