Mindset Wealth Management LLC Invests $210,000 in The Boeing Company (NYSE:BA)

Mindset Wealth Management LLC purchased a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,189 shares of the aircraft producer’s stock, valued at approximately $210,000.

Several other institutional investors have also recently bought and sold shares of BA. Caprock Group LLC increased its position in Boeing by 2.5% in the third quarter. Caprock Group LLC now owns 10,234 shares of the aircraft producer’s stock worth $1,556,000 after purchasing an additional 252 shares during the period. Prospera Financial Services Inc grew its position in shares of Boeing by 5.7% during the 3rd quarter. Prospera Financial Services Inc now owns 22,430 shares of the aircraft producer’s stock worth $3,411,000 after buying an additional 1,214 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Boeing by 33.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,485 shares of the aircraft producer’s stock worth $378,000 after buying an additional 621 shares during the last quarter. Howe & Rusling Inc. acquired a new position in Boeing in the third quarter valued at approximately $243,000. Finally, First Horizon Advisors Inc. boosted its stake in Boeing by 7.1% in the third quarter. First Horizon Advisors Inc. now owns 5,306 shares of the aircraft producer’s stock valued at $807,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $172.82 on Friday. The firm has a 50-day moving average of $172.86 and a 200-day moving average of $163.54. The company has a market cap of $129.63 billion, a price-to-earnings ratio of -9.43 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95.

Boeing (NYSE:BA) last posted 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 posted ($0.47) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company increased their target price on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. UBS Group increased their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.

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.