The Boeing Company (NYSE:BA) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC raised its position in The Boeing Company (NYSE:BA) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 122,280 shares of the aircraft producer’s stock after acquiring an additional 9,992 shares during the quarter. Cerity Partners LLC’s holdings in Boeing were worth $21,297,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC boosted its stake in shares of 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 buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC grew its holdings in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $139.20 on Wednesday. The company has a market capitalization of $104.41 billion, a price-to-earnings ratio of -7.60 and a beta of 1.24. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The company’s 50 day simple moving average is $170.17 and its 200 day simple moving average is $163.90.

Boeing (NYSE:BA) last issued its quarterly 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 prior year, the firm earned ($0.47) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price 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 raised shares of Boeing to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. increased 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. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company upped their price target on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $196.10.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the 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 owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.