The Boeing Company (NYSE:BA) Stock Position Lifted by TIAA Trust National Association

TIAA Trust National Association boosted its stake in The Boeing Company (NYSE:BA) by 144.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,959 shares of the aircraft producer’s stock after buying an additional 70,838 shares during the quarter. TIAA Trust National Association’s holdings in Boeing were worth $21,233,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC purchased a new stake in shares of Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% in the 4th 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. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the 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 completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on BA shares. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. StockNews.com upgraded shares of Boeing to a “sell” rating in a report on Wednesday, March 12th. Wells Fargo & Company upped their price objective on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a report on Monday, March 17th. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Stock Performance

Shares of BA opened at $182.71 on Wednesday. The company has a 50-day simple moving average of $173.50 and a 200-day simple moving average of $163.90. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The firm has a market capitalization of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company posted ($0.47) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing 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.