Heritage Wealth Management Inc. Buys 3,133 Shares of The Boeing Company (NYSE:BA)

Heritage Wealth Management Inc. grew its stake in shares of The Boeing Company (NYSE:BA) by 127.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,592 shares of the aircraft producer’s stock after acquiring an additional 3,133 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Boeing were worth $990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chaney Capital Management Inc. increased its holdings in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after buying an additional 59 shares during the last quarter. Center for Financial Planning Inc. boosted its position in shares of Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 60 shares during the last quarter. Transcend Capital Advisors LLC boosted its position in shares of Boeing by 1.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after buying an additional 61 shares during the last quarter. Finally, Beacon Capital Management LLC boosted its position in shares of Boeing by 4.0% during the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $302,000 after buying an additional 65 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.6 %

Shares of BA opened at $174.84 on Friday. The business’s 50 day moving average is $176.87 and its 200 day moving average is $164.71. The company has a market capitalization of $131.14 billion, a PE ratio of -9.54 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $206.62.

Boeing (NYSE:BA) last issued its 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 in the prior year, the company earned ($0.47) earnings per share. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now 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 legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company raised their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.16.

About Boeing

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.