The Boeing Company (NYSE:BA) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 28.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,933 shares of the aircraft producer’s stock after purchasing an additional 22,550 shares during the quarter. New York Life Investment Management LLC’s holdings in Boeing were worth $17,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BA. Sierra Ocean LLC purchased a new position in Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of recent analyst reports. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Down 2.9 %

NYSE:BA opened at $173.02 on Thursday. The stock has a 50 day moving average of $176.99 and a 200-day moving average of $164.61. The firm has a market capitalization of $129.77 billion, a PE ratio of -9.44 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 period in the previous year, the company posted ($0.47) earnings per share. As a group, analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other Boeing 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 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. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.