Berkeley Capital Partners LLC Acquires Shares of 1,271 The Boeing Company (NYSE:BA)

Berkeley Capital Partners LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,271 shares of the aircraft producer’s stock, valued at approximately $225,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $230,944,000. Amundi lifted its holdings in Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. Burkehill Global Management LP purchased a new position in Boeing in the fourth quarter worth approximately $212,400,000. Franklin Resources Inc. increased its stake in Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after acquiring an additional 1,055,472 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Boeing by 30.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after purchasing an additional 981,796 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boeing 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

Boeing Stock Up 0.1 %

Shares of Boeing stock opened at $172.82 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The company has a market capitalization of $129.63 billion, a P/E ratio of -9.43 and a beta of 1.53. The company has a 50 day moving average of $172.86 and a 200 day moving average of $163.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company upped their price objective on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target 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.