Retirement Planning Co of New England Inc. Boosts Stock Position in The Boeing Company (NYSE:BA)

Retirement Planning Co of New England Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,527 shares of the aircraft producer’s stock after buying an additional 2,089 shares during the period. Boeing comprises approximately 1.3% of Retirement Planning Co of New England Inc.’s investment portfolio, making the stock its 15th largest holding. Retirement Planning Co of New England Inc.’s holdings in Boeing were worth $2,748,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $162.04 on Tuesday. The company’s 50 day simple moving average is $173.05 and its 200-day simple moving average is $163.49. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The company has a market capitalization of $121.54 billion, a price-to-earnings ratio of -8.84 and a beta of 1.53.

Boeing (NYSE:BA) last announced its earnings results 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 earned ($0.47) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.68.

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.