The Boeing Company (NYSE:BA) Shares Acquired by Syntax Research Inc.

Syntax Research Inc. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,035 shares of the aircraft producer’s stock after acquiring an additional 327 shares during the quarter. Syntax Research Inc.’s holdings in Boeing were worth $891,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC increased its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 3.2 %

Shares of NYSE:BA opened at $178.32 on Monday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The firm has a 50-day simple moving average of $172.98 and a 200 day simple moving average of $163.59. The company has a market cap of $133.75 billion, a PE ratio of -9.73 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Citigroup lifted their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft lifted their price target 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. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company 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.