Polymer Capital Management HK LTD Purchases New Position in The Boeing Company (NYSE:BA)

Polymer Capital Management HK LTD acquired a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 105,970 shares of the aircraft producer’s stock, valued at approximately $18,757,000. Boeing makes up about 3.3% of Polymer Capital Management HK LTD’s portfolio, making the stock its 3rd biggest position.

Several other institutional investors have also added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new stake in Boeing in the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter worth $28,000. HighMark Wealth Management LLC grew its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the period. Finally, Anfield Capital Management LLC increased its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. StockNews.com raised shares of Boeing to a “sell” rating in a report on Saturday. Citigroup upped their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $196.10.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were 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. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Performance

Shares of NYSE:BA opened at $136.61 on Friday. The firm has a market cap of $102.47 billion, a price-to-earnings ratio of -7.46 and a beta of 1.53. The firm has a fifty day moving average price of $172.36 and a 200 day moving average price of $164.22. The Boeing Company has a fifty-two week low of $132.79 and a fifty-two week high of $196.95.

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

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.