Elo Mutual Pension Insurance Co Takes Position in The Boeing Company (NYSE:BA)

Elo Mutual Pension Insurance Co purchased a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 66,496 shares of the aircraft producer’s stock, valued at approximately $11,770,000.

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

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup boosted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $195.68.

Boeing Trading Down 2.3 %

Shares of NYSE:BA opened at $178.42 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The stock’s 50-day moving average price is $173.74 and its two-hundred day moving average price is $164.00. The firm has a market cap of $133.83 billion, a price-to-earnings ratio of -9.74 and a beta of 1.53.

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

About Boeing

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.