Tyler Stone Wealth Management Has $276,000 Stock Holdings in The Boeing Company (NYSE:BA)

Tyler Stone Wealth Management boosted its holdings in shares of The Boeing Company (NYSE:BA) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,558 shares of the aircraft producer’s stock after acquiring an additional 100 shares during the quarter. Tyler Stone Wealth Management’s holdings in Boeing were worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Vanguard Group Inc. grew its stake in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Boeing in the 4th quarter valued at about $230,944,000. Amundi grew its position in shares of Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after buying an additional 1,292,417 shares during the last quarter. Burkehill Global Management LP bought a new position in shares of Boeing during the fourth quarter worth about $212,400,000. Finally, Franklin Resources Inc. lifted its stake in shares of Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after acquiring an additional 1,055,472 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 2.3 %

BA stock opened at $178.42 on Thursday. The stock has a market capitalization of $133.83 billion, a PE ratio of -9.74 and a beta of 1.53. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The stock’s 50 day simple moving average is $173.74 and its 200 day simple moving average is $164.00.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm posted ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BA shares. Wells Fargo & Company raised their price target on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% 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.