Brueske Advisory Services LLC Takes $1.08 Million Position in The Boeing Company (NYSE:BA)

Brueske Advisory Services LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,123 shares of the aircraft producer’s stock, valued at approximately $1,084,000. Boeing accounts for about 1.0% of Brueske Advisory Services LLC’s portfolio, making the stock its 19th largest holding.

Other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC grew its holdings in Boeing by 1.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock worth $1,026,000 after acquiring an additional 110 shares during the last quarter. Valmark Advisers Inc. raised its holdings in Boeing by 4.9% in the third quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock worth $477,000 after buying an additional 147 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in Boeing by 9.3% in the third quarter. Nicholas Hoffman & Company LLC. now owns 5,855 shares of the aircraft producer’s stock worth $890,000 after buying an additional 500 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of Boeing by 125.5% in the third quarter. Mutual Advisors LLC now owns 25,581 shares of the aircraft producer’s stock worth $3,970,000 after acquiring an additional 14,239 shares during the period. Finally, Highline Wealth Partners LLC bought a new stake in shares of Boeing in the third quarter worth approximately $458,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BA shares. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. 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. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.16.

Insider Buying and Selling at Boeing

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 transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, 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 is accessible through this link. Company insiders own 0.16% of the company’s stock.

Boeing Stock Down 2.9 %

Shares of NYSE:BA opened at $173.02 on Thursday. The firm has a market cap of $129.77 billion, a P/E ratio of -9.44 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The business has a fifty day simple moving average of $176.99 and a 200 day simple moving average of $164.61.

Boeing (NYSE:BA) last announced its 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 firm posted ($0.47) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS 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.