PKS Advisory Services LLC Takes Position in The Boeing Company (NYSE:BA)

PKS Advisory Services LLC bought a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,245 shares of the aircraft producer’s stock, valued at approximately $397,000.

Several other institutional investors also recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC lifted its position in Boeing by 86.7% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 5,101 shares of the aircraft producer’s stock valued at $903,000 after purchasing an additional 2,369 shares during the last quarter. Zions Bancorporation N.A. increased its stake in shares of Boeing by 157.2% in the fourth quarter. Zions Bancorporation N.A. now owns 3,987 shares of the aircraft producer’s stock worth $706,000 after buying an additional 2,437 shares during the period. Insight 2811 Inc. raised its holdings in Boeing by 32.8% during the 4th quarter. Insight 2811 Inc. now owns 3,115 shares of the aircraft producer’s stock valued at $551,000 after buying an additional 769 shares during the last quarter. TIAA Trust National Association boosted its position in Boeing by 144.2% during the 4th quarter. TIAA Trust National Association now owns 119,959 shares of the aircraft producer’s stock valued at $21,233,000 after buying an additional 70,838 shares during the period. Finally, Ashton Thomas Securities LLC grew its holdings in Boeing by 12.0% in the 4th quarter. Ashton Thomas Securities LLC now owns 9,913 shares of the aircraft producer’s stock worth $1,755,000 after acquiring an additional 1,062 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 1.0 %

NYSE BA opened at $182.71 on Wednesday. The stock’s fifty day moving average price is $173.50 and its 200-day moving average price is $163.90. The stock has a market cap of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company increased their price objective on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a report on Monday, March 17th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Citigroup boosted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $195.68.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

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.