TCW Group Inc. Buys Shares of 16,008 The Boeing Company (NYSE:BA)

TCW Group Inc. purchased a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,008 shares of the aircraft producer’s stock, valued at approximately $2,833,000.

Other large investors have also recently made changes to their positions in the company. Carl P. Sherr & Co. LLC acquired a new stake in Boeing during the 4th quarter worth $866,000. Peregrine Asset Advisers Inc. raised its position in shares of Boeing by 55.7% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,235 shares of the aircraft producer’s stock valued at $396,000 after buying an additional 800 shares during the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Boeing in the fourth quarter worth about $426,000. Transcend Capital Advisors LLC boosted its position in Boeing by 1.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after acquiring an additional 61 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its stake in Boeing by 19.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 3,286 shares of the aircraft producer’s stock valued at $582,000 after acquiring an additional 543 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. 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 note on Monday, January 6th. Finally, Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Down 2.0 %

BA opened at $177.34 on Monday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The business has a fifty day simple moving average of $176.74 and a 200-day simple moving average of $164.39. The firm has a market cap of $133.02 billion, a P/E ratio of -9.68 and a beta of 1.52.

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

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the 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 directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company’s stock.

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.