Proficio Capital Partners LLC Makes New $293,000 Investment in The Boeing Company (NYSE:BA)

Proficio Capital Partners LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 1,656 shares of the aircraft producer’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BA. Sierra Ocean LLC acquired a new stake in Boeing in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC raised its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the period. Finally, Anfield Capital Management LLC lifted its position in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BA shares. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Monday. 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. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $195.68.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $178.42 on Thursday. The firm has a 50 day simple moving average of $173.74 and a two-hundred day simple moving average of $164.00. The company has a market cap of $133.83 billion, a P/E ratio of -9.74 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 data 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 period last year, the company posted ($0.47) earnings per share. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.