K.J. Harrison & Partners Inc Makes New Investment in The Boeing Company (NYSE:BA)

K.J. Harrison & Partners Inc acquired a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,000 shares of the aircraft producer’s stock, valued at approximately $3,609,000.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $173.02 on Thursday. The business has a 50 day simple moving average of $176.99 and a two-hundred day simple moving average of $164.61. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The firm has a market capitalization of $129.77 billion, a PE ratio of -9.44 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.