Sigma Planning Corp Has $2.64 Million Stock Position in The Boeing Company (NYSE:BA)

Sigma Planning Corp decreased its stake in shares of The Boeing Company (NYSE:BA) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,897 shares of the aircraft producer’s stock after selling 403 shares during the period. Sigma Planning Corp’s holdings in Boeing were worth $2,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new position in Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC lifted its position 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 during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BA shares. UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Down 2.0 %

NYSE:BA opened at $177.34 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The business has a 50 day moving average price of $176.74 and a two-hundred day moving average price of $164.39. The company has a market cap of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52.

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 in the previous year, the business earned ($0.47) earnings per share. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.