1,767 Shares in The Boeing Company (NYSE:BA) Bought by ZEGA Investments LLC

ZEGA Investments LLC bought a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,767 shares of the aircraft producer’s stock, valued at approximately $311,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC boosted its position in Boeing by 33.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,485 shares of the aircraft producer’s stock worth $378,000 after acquiring an additional 621 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Boeing by 7.1% during the third quarter. First Horizon Advisors Inc. now owns 5,306 shares of the aircraft producer’s stock worth $807,000 after purchasing an additional 350 shares during the last quarter. Integrated Investment Consultants LLC grew its position in Boeing by 4.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,038 shares of the aircraft producer’s stock valued at $614,000 after purchasing an additional 168 shares in the last quarter. Pacer Advisors Inc. increased its stake in Boeing by 5.1% in the 3rd quarter. Pacer Advisors Inc. now owns 43,398 shares of the aircraft producer’s stock valued at $6,598,000 after buying an additional 2,111 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Boeing by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after buying an additional 48,637 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BA shares. Wells Fargo & Company lifted their target price on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Susquehanna raised their target price 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. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. 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 research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.68.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $178.32 on Friday. The firm has a market cap of $133.75 billion, a price-to-earnings ratio of -9.73 and a beta of 1.53. The stock’s fifty day moving average price is $172.98 and its two-hundred day moving average price is $163.57. The Boeing Company has a one year low of $137.03 and a one year high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing Company 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.