US Asset Management LLC Invests $374,000 in The Boeing Company (NYSE:BA)

US Asset Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,433 shares of the aircraft producer’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BA. CNB Bank boosted its position in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in shares of Boeing during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Boeing in the 4th quarter valued at about $28,000. Naples Money Management LLC purchased a new position in Boeing during the fourth quarter worth approximately $44,000. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA traded up $0.94 during trading on Thursday, hitting $181.29. 5,094,057 shares of the company were exchanged, compared to its average volume of 9,504,012. The firm’s fifty day moving average price is $182.26 and its 200 day moving average price is $205.96. The company has a market cap of $111.29 billion, a price-to-earnings ratio of -51.06 and a beta of 1.54. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

Analyst Ratings Changes

A number of analysts have recently issued reports on BA shares. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Wells Fargo & Company dropped their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $222.41.

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.