Ashton Thomas Securities LLC Boosts Stake in The Boeing Company (NYSE:BA)

Ashton Thomas Securities LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,913 shares of the aircraft producer’s stock after purchasing an additional 1,062 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Boeing were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cerity Partners LLC boosted its position in shares of Boeing by 6.6% during the 3rd quarter. Cerity Partners LLC now owns 112,288 shares of the aircraft producer’s stock worth $17,072,000 after purchasing an additional 6,962 shares during the period. Penserra Capital Management LLC lifted its stake in Boeing by 17.5% during the third quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock worth $738,000 after purchasing an additional 724 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Boeing by 10.8% during the third quarter. Larson Financial Group LLC now owns 16,324 shares of the aircraft producer’s stock worth $2,482,000 after buying an additional 1,589 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Boeing by 5.7% in the third quarter. Daiwa Securities Group Inc. now owns 148,852 shares of the aircraft producer’s stock valued at $22,631,000 after buying an additional 8,085 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Boeing by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock valued at $739,957,000 after buying an additional 277,350 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s 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 in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price 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 raised their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company raised their price target on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Finally, Citigroup upped their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Trading Up 1.6 %

Shares of NYSE:BA opened at $180.90 on Tuesday. The firm has a 50 day simple moving average of $173.19 and a 200-day simple moving average of $163.72. The company has a market capitalization of $135.69 billion, a PE ratio of -9.87 and a beta of 1.53. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings data 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 quarter in the prior year, the business posted ($0.47) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS 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.