Lake Street Advisors Group LLC Increases Position in The Boeing Company (NYSE:BA)

Lake Street Advisors Group LLC increased its position in shares of The Boeing Company (NYSE:BA) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,636 shares of the aircraft producer’s stock after acquiring an additional 493 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Boeing were worth $10,025,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Boeing in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC lifted its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BA shares. Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price objective 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Down 0.9 %

Shares of NYSE BA opened at $178.36 on Wednesday. The firm’s 50-day moving average price is $176.98 and its two-hundred day moving average price is $164.55. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The stock has a market capitalization of $133.78 billion, a P/E ratio of -9.74 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly 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 period last year, the company earned ($0.47) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

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.