Graney & King LLC Acquires Shares of 1,144 The Boeing Company (NYSE:BA)

Graney & King LLC bought a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 1,144 shares of the aircraft producer’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently made changes to their positions in BA. Sierra Ocean LLC bought a new stake in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the third quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its stake 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 valued at $29,000 after buying an additional 90 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.0 %

Shares of BA stock opened at $182.71 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The stock has a market cap of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53. The stock has a 50 day moving average of $173.50 and a 200 day moving average of $163.90.

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 analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal 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 that occurred 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 completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BA. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Melius upgraded Boeing from a “hold” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

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.