IPG Investment Advisors LLC Takes $223,000 Position in The Boeing Company (NYSE:BA)

IPG Investment Advisors LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,260 shares of the aircraft producer’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in Boeing by 10.2% in the 4th quarter. California Public Employees Retirement System now owns 875,678 shares of the aircraft producer’s stock valued at $154,995,000 after acquiring an additional 80,847 shares during the last quarter. Stage Harbor Financial LLC bought a new stake in shares of Boeing in the fourth quarter worth about $215,000. RWA Wealth Partners LLC increased its holdings in shares of Boeing by 162.0% in the fourth quarter. RWA Wealth Partners LLC now owns 62,355 shares of the aircraft producer’s stock worth $11,037,000 after purchasing an additional 38,553 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Boeing by 3.0% in the fourth quarter. Schroder Investment Management Group now owns 63,105 shares of the aircraft producer’s stock worth $11,141,000 after buying an additional 1,853 shares in the last quarter. Finally, MV Capital Management Inc. boosted its stake in Boeing by 9.7% during the fourth quarter. MV Capital Management Inc. now owns 781 shares of the aircraft producer’s stock valued at $138,000 after buying an additional 69 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Citigroup lifted their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.68.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

NYSE:BA opened at $172.98 on Monday. The company’s 50-day simple moving average is $173.98 and its 200-day simple moving average is $164.22. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The stock has a market capitalization of $129.74 billion, a P/E ratio of -9.44 and a beta of 1.53.

Boeing (NYSE:BA) last announced its 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 in the prior year, the business posted ($0.47) EPS. On average, research analysts forecast that The Boeing Company will post -2.58 EPS 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.