The Boeing Company (NYSE:BA) Shares Sold by Oxford Financial Group LTD. LLC

by · The Cerbat Gem

Oxford Financial Group LTD. LLC lowered its holdings in shares of The Boeing Company (NYSE:BA – Free Report) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,999 shares of the aircraft producer’s stock after selling 74 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in Boeing were worth $708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired 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 about $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised 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.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $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 accessible through this link. Company insiders own 0.16% of the company’s stock.

Boeing Stock Up 0.1 %

Boeing stock opened at $172.82 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The firm has a fifty day moving average of $172.86 and a 200-day moving average of $163.54. The firm has a market capitalization of $129.63 billion, a P/E ratio of -9.43 and a beta of 1.53.

Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) EPS. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Citigroup upped their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.68.

View Our Latest Analysis on BA

Boeing Company Profile

(Free Report)

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.

Further Reading

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