Leeward Financial Partners LLC Has $1.23 Million Stake in The Boeing Company (NYSE:BA)

Leeward Financial Partners LLC raised its position in The Boeing Company (NYSE:BA) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,930 shares of the aircraft producer’s stock after purchasing an additional 291 shares during the quarter. Leeward Financial Partners LLC’s holdings in Boeing were worth $1,227,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the period. Raymond James Financial Inc. bought a new stake in Boeing in the fourth quarter valued at $230,944,000. Amundi boosted its holdings in Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new stake in shares of Boeing in the 4th quarter worth about $212,400,000. 64.82% of the stock is currently owned by institutional investors.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s 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 transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Boeing Stock Down 10.5 %

BA opened at $150.81 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The stock has a market capitalization of $113.12 billion, a price-to-earnings ratio of -8.23 and a beta of 1.53. The firm has a 50 day moving average price of $173.15 and a 200-day moving average price of $164.29.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 quarter last year, the firm earned ($0.47) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on BA shares. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $196.10.

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.