LPL Financial LLC Purchases 78,729 Shares of The Boeing Company (NYSE:BA)

LPL Financial LLC increased its position in shares of The Boeing Company (NYSE:BA) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 957,484 shares of the aircraft producer’s stock after acquiring an additional 78,729 shares during the quarter. LPL Financial LLC owned about 0.13% of Boeing worth $169,475,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Richwood Investment Advisors LLC increased its holdings in shares of Boeing by 4.7% during the fourth quarter. Richwood Investment Advisors LLC now owns 5,027 shares of the aircraft producer’s stock valued at $890,000 after acquiring an additional 225 shares in the last quarter. Fortis Capital Management LLC grew its position in Boeing by 4.1% during the 4th quarter. Fortis Capital Management LLC now owns 6,872 shares of the aircraft producer’s stock worth $1,216,000 after purchasing an additional 270 shares during the last quarter. Mizuho Securities USA LLC increased its stake in Boeing by 86.7% during the 4th quarter. Mizuho Securities USA LLC now owns 70,853 shares of the aircraft producer’s stock valued at $12,541,000 after purchasing an additional 32,896 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its holdings in shares of Boeing by 7.5% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,897 shares of the aircraft producer’s stock worth $336,000 after buying an additional 132 shares during the last quarter. Finally, ZEGA Investments LLC acquired a new stake in shares of Boeing during the fourth quarter worth $311,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BA shares. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Boeing to a “sell” rating in a report on Wednesday, March 12th. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Stock Performance

BA opened at $180.90 on Tuesday. The stock has a market capitalization of $135.69 billion, a PE ratio of -9.87 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The business’s 50 day moving average price is $173.19 and its 200 day moving average price is $163.72.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the firm posted ($0.47) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s 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 of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.