Stokes Family Office LLC Makes New $203,000 Investment in The Boeing Company (NYSE:BA)

Stokes Family Office LLC purchased a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,146 shares of the aircraft producer’s stock, valued at approximately $203,000.

Several other institutional investors also recently added to or reduced their stakes in BA. AdvisorNet Financial Inc increased its position in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after purchasing an additional 710 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after purchasing an additional 38,300 shares during the period. Carnegie Investment Counsel increased 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 valued at $818,000 after purchasing an additional 2,943 shares during the period. Principal Financial Group Inc. increased its position 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 period. Finally, Jennison Associates LLC increased its position in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research reports. JPMorgan Chase & Co. boosted 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. Barclays upgraded 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 research report on Monday, January 6th. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. StockNews.com raised Boeing to a “sell” rating in a research note on Wednesday, March 12th. Finally, Northcoast Research raised 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 given a hold rating, thirteen have assigned a buy rating and one has given 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 price target of $195.68.

Boeing Stock Up 6.8 %

Shares of BA opened at $172.57 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The firm has a market capitalization of $129.44 billion, a PE ratio of -9.42 and a beta of 1.53. The stock’s fifty day simple moving average is $172.84 and its 200-day simple moving average is $163.47.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 quarter last year, the business earned ($0.47) earnings per share. Analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s 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 sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

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.