The Boeing Company (NYSE:BA) Stock Position Increased by Empire Financial Management Company LLC

Empire Financial Management Company LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 35.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the aircraft producer’s stock after buying an additional 1,300 shares during the quarter. Empire Financial Management Company LLC’s holdings in Boeing were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Keynote Financial Services LLC grew its stake in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after acquiring an additional 57 shares in the last quarter. Chaney Capital Management Inc. increased its holdings in Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after acquiring an additional 59 shares during the last quarter. Center for Financial Planning Inc. raised its stake in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after acquiring an additional 60 shares during the last quarter. Finally, Trek Financial LLC lifted its holdings in Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock worth $408,000 after buying an additional 60 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated 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 directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a report on Wednesday. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Benchmark reduced their target price on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a report on Monday. Finally, Citigroup reissued an “overweight” rating on shares of Boeing in a research note on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.11.

Boeing Price Performance

Shares of NYSE:BA opened at $172.47 on Thursday. The stock has a market capitalization of $129.37 billion, a PE ratio of -9.41 and a beta of 1.24. The company’s 50-day moving average price is $165.18 and its two-hundred day moving average price is $164.29. The Boeing Company has a one year low of $128.88 and a one year high of $196.95.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. On average, 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.