Heritage Wealth Management Inc. Buys 3,133 Shares of The Boeing Company (NYSE:BA)

Heritage Wealth Management Inc. increased its stake in shares of The Boeing Company (NYSE:BA) by 127.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,592 shares of the aircraft producer’s stock after purchasing an additional 3,133 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Boeing were worth $990,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Anfield Capital Management LLC increased its position 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 valued at $32,000 after purchasing an additional 95 shares during the last quarter. Metis Global Partners LLC increased its position in shares of Boeing by 32.9% during the 4th quarter. Metis Global Partners LLC now owns 24,854 shares of the aircraft producer’s stock valued at $4,399,000 after purchasing an additional 6,153 shares during the last quarter. US Bancorp DE increased its position in shares of Boeing by 6.0% during the 4th quarter. US Bancorp DE now owns 246,545 shares of the aircraft producer’s stock valued at $43,638,000 after purchasing an additional 13,896 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock valued at $890,469,000 after purchasing an additional 164,042 shares during the last quarter. Finally, Terril Brothers Inc. bought a new position in shares of Boeing during the 4th quarter valued at approximately $414,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.6 %

BA opened at $174.84 on Friday. The firm has a market cap of $131.14 billion, a price-to-earnings ratio of -9.54 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $206.62. The stock has a fifty day moving average price of $176.87 and a 200-day moving average price of $164.71.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. UBS Group boosted their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Citigroup boosted their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is currently owned by corporate 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.