Optimum Investment Advisors Has $398,000 Stake in The Boeing Company (NYSE:BA)

Optimum Investment Advisors decreased its position in shares of The Boeing Company (NYSE:BA) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,249 shares of the aircraft producer’s stock after selling 200 shares during the period. Optimum Investment Advisors’ holdings in Boeing were worth $398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter worth $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter worth $28,000. HighMark Wealth Management LLC lifted its position in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its position 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 valued at $32,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Price Performance

BA opened at $178.32 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The company’s 50 day simple moving average is $172.98 and its 200-day simple moving average is $163.59. The stock has a market capitalization of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.