Blue Bell Private Wealth Management LLC Raises Position in The Boeing Company (NYSE:BA)

Blue Bell Private Wealth Management LLC lifted its stake in The Boeing Company (NYSE:BA) by 96.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457 shares of the aircraft producer’s stock after buying an additional 224 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Boeing were worth $81,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Catalina Capital Group LLC boosted its holdings in Boeing by 17.1% in the third quarter. Catalina Capital Group LLC now owns 1,446 shares of the aircraft producer’s stock valued at $220,000 after purchasing an additional 211 shares during the last quarter. Forte Capital LLC ADV raised its position in shares of Boeing by 14.9% during the 3rd quarter. Forte Capital LLC ADV now owns 2,694 shares of the aircraft producer’s stock worth $410,000 after purchasing an additional 350 shares during the period. Principal Financial Group Inc. raised its position in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares during the period. Hara Capital LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $123,000. Finally, Portside Wealth Group LLC raised its position in shares of Boeing by 46.5% during the 3rd quarter. Portside Wealth Group LLC now owns 14,139 shares of the aircraft producer’s stock worth $2,150,000 after purchasing an additional 4,491 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BA shares. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Citigroup increased their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction 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 sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Boeing Stock Down 2.7 %

BA opened at $154.20 on Friday. The firm has a market cap of $115.66 billion, a PE ratio of -8.42 and a beta of 1.52. The business has a fifty day simple moving average of $175.03 and a 200-day simple moving average of $164.27. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $203.80.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.