Proficio Capital Partners LLC Invests $51.88 Million in The Boeing Company (NYSE:BA)

Proficio Capital Partners LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 293,112 shares of the aircraft producer’s stock, valued at approximately $51,881,000.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter valued at about $28,000. HighMark Wealth Management LLC raised its holdings in shares of Boeing by 121.6% in 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. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at about $28,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by company insiders.

Boeing Trading Up 0.4 %

NYSE BA opened at $173.65 on Friday. The firm has a market capitalization of $130.25 billion, a price-to-earnings ratio of -9.48 and a beta of 1.52. The firm’s 50 day simple moving average is $176.92 and its 200 day simple moving average is $164.67. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10.

Boeing (NYSE:BA) last posted 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 business posted ($0.47) EPS. On average, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, UBS Group increased their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.