Tocqueville Asset Management L.P. Purchases 1,772 Shares of The Boeing Company (NYSE:BA)

Tocqueville Asset Management L.P. grew its position in The Boeing Company (NYSE:BA) by 109.6% in the fourth quarter, Holdings Channel reports. The fund owned 3,389 shares of the aircraft producer’s stock after acquiring an additional 1,772 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Boeing were worth $600,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC lifted 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 acquiring an additional 90 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Boeing Price Performance

Shares of BA opened at $172.57 on Thursday. The stock has a 50-day moving average of $172.84 and a 200-day moving average of $163.47. The company has a market cap of $129.44 billion, a PE ratio of -9.42 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. Analysts expect that The Boeing Company will post -2.58 EPS 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.