Fortis Capital Management LLC Buys 270 Shares of The Boeing Company (NYSE:BA)

Fortis Capital Management LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,872 shares of the aircraft producer’s stock after purchasing an additional 270 shares during the quarter. Fortis Capital Management LLC’s holdings in Boeing were worth $1,216,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Boeing during the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth 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 lifted its holdings in shares of Boeing by 121.6% during the fourth 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. Finally, Anfield Capital Management LLC lifted its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after buying an additional 95 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $178.32 on Friday. The business’s fifty day moving average price is $172.98 and its two-hundred day moving average price is $163.59. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The stock has a market capitalization of $133.75 billion, a price-to-earnings ratio of -9.73 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly 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 company posted ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Two 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. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

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 transaction of $570,799.71. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

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.