Elo Mutual Pension Insurance Co Buys Shares of 66,496 The Boeing Company (NYSE:BA)

Elo Mutual Pension Insurance Co purchased a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 66,496 shares of the aircraft producer’s stock, valued at approximately $11,770,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the fourth quarter worth $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% in the fourth 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, Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday, March 12th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Stock Performance

NYSE:BA opened at $178.42 on Thursday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The stock has a market cap of $133.83 billion, a P/E ratio of -9.74 and a beta of 1.53. The stock has a 50-day simple moving average of $173.74 and a 200-day simple moving average of $164.00.

Boeing (NYSE:BA) last announced 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 in the prior year, the firm posted ($0.47) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other 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 transaction, the executive vice president now directly 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 legal filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

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.