PDS Planning Inc Raises Stock Position in The Boeing Company (NYSE:BA)

PDS Planning Inc raised its stake in shares of The Boeing Company (NYSE:BA) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,009 shares of the aircraft producer’s stock after purchasing an additional 198 shares during the quarter. PDS Planning Inc’s holdings in Boeing were worth $533,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased 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 shares of Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% in the 4th 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 period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research note on Wednesday, March 12th. Wells Fargo & Company upped their price target on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were 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 owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company’s stock.

Boeing Stock Down 0.2 %

NYSE BA opened at $161.57 on Wednesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The firm has a market capitalization of $121.19 billion, a P/E ratio of -8.82 and a beta of 1.53. The company has a 50-day moving average price of $172.83 and a 200-day moving average price of $163.41.

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 in the previous year, the firm earned ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current 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.