Triumph Capital Management Has $1.69 Million Holdings in The Boeing Company (NYSE:BA)

Triumph Capital Management increased its stake in The Boeing Company (NYSE:BA) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,557 shares of the aircraft producer’s stock after purchasing an additional 1,084 shares during the period. Triumph Capital Management’s holdings in Boeing were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the 4th quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the 4th quarter worth about $28,000. HighMark Wealth Management LLC boosted its stake 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 worth $29,000 after buying an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BA. UBS Group upped their target price on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a report on Friday, May 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, April 23rd. Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and upped their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $140.00 target price (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.35.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. The trade was a 8.40% 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. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,263 shares of company stock valued at $1,950,150 over the last three months. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $205.88 on Friday. The company’s 50 day simple moving average is $171.81 and its 200 day simple moving average is $168.65. The stock has a market capitalization of $155.23 billion, a price-to-earnings ratio of -11.24 and a beta of 1.41. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business earned ($1.13) earnings per share. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.