Fusion Capital LLC Raises Stock Position in The Boeing Company (NYSE:BA)

Fusion Capital LLC increased its holdings in The Boeing Company (NYSE:BA) by 47.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,133 shares of the aircraft producer’s stock after buying an additional 1,328 shares during the period. Fusion Capital LLC’s holdings in Boeing were worth $732,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in shares of Boeing by 7.9% during the 4th quarter. QRG Capital Management Inc. now owns 57,412 shares of the aircraft producer’s stock valued at $10,162,000 after buying an additional 4,222 shares in the last quarter. Brueske Advisory Services LLC bought a new position in Boeing in the fourth quarter valued at $1,084,000. Proficio Capital Partners LLC purchased a new stake in Boeing during the fourth quarter valued at about $51,881,000. Kovack Advisors Inc. lifted its stake in Boeing by 11.1% during the fourth quarter. Kovack Advisors Inc. now owns 6,858 shares of the aircraft producer’s stock worth $1,214,000 after purchasing an additional 687 shares during the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in shares of Boeing by 22.2% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,891 shares of the aircraft producer’s stock worth $512,000 after purchasing an additional 526 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.4 %

NYSE:BA opened at $173.65 on Friday. The company has a 50-day moving average price of $176.92 and a 200-day moving average price of $164.67. The stock has a market cap of $130.25 billion, a price-to-earnings ratio of -9.48 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 company earned ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Finally, UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Insider Activity at Boeing

In other Boeing 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 completion of the transaction, the executive vice president now 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 filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

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.