CIBC Private Wealth Group LLC Acquires 4,436 Shares of The Boeing Company (NYSE:BA)

CIBC Private Wealth Group LLC raised its holdings in The Boeing Company (NYSE:BA) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,983 shares of the aircraft producer’s stock after purchasing an additional 4,436 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Boeing were worth $8,929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. AdvisorNet Financial Inc lifted its position in Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after buying an additional 710 shares in the last quarter. Carnegie Investment Counsel lifted its position in shares of Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Amundi raised its position in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated 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 directly owns 19,213 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

NYSE BA opened at $167.92 on Wednesday. The stock’s 50-day moving average is $173.82 and its 200-day moving average is $164.36. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The firm has a market cap of $125.95 billion, a P/E ratio of -9.17 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on BA shares. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company increased their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.68.

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.