Assetmark Inc. Buys 977 Shares of The Boeing Company (NYSE:BA)

Assetmark Inc. grew its stake in shares of The Boeing Company (NYSE:BA) by 92.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,034 shares of the aircraft producer’s stock after purchasing an additional 977 shares during the quarter. Assetmark Inc.’s holdings in Boeing were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BA. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing during the 3rd quarter worth $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC lifted its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.16% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $159.08 on Thursday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The business’s 50 day simple moving average is $173.64 and its two-hundred day simple moving average is $163.80. The firm has a market cap of $119.32 billion, a P/E ratio of -8.68 and a beta of 1.53.

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 analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company posted ($0.47) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent analyst reports. StockNews.com raised shares of Boeing to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. UBS Group raised their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Finally, Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

About Boeing

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.