Aptus Capital Advisors LLC Buys 3,848 Shares of The Boeing Company (NYSE:BA)

Aptus Capital Advisors LLC lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 47.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,994 shares of the aircraft producer's stock after purchasing an additional 3,848 shares during the quarter. Aptus Capital Advisors LLC's holdings in Boeing were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Keynote Financial Services LLC grew its stake in shares of Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares in the last quarter. Chaney Capital Management Inc. boosted its stake in Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. raised its position in shares of Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after purchasing an additional 60 shares during the period. Finally, Trek Financial LLC lifted its holdings in shares of Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Down 0.1 %

NYSE:BA traded down $0.21 on Wednesday, reaching $185.75. The stock had a trading volume of 6,094,324 shares, compared to its average volume of 9,008,804. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The stock has a fifty day moving average price of $165.66 and a 200-day moving average price of $166.25. The company has a market capitalization of $140.05 billion, a P/E ratio of -10.14 and a beta of 1.40.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the prior year, the firm earned ($1.13) earnings per share. The business's quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Boeing to a "sell" rating in a report on Thursday, April 24th. Citigroup increased their price objective on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Melius Research set a $204.00 target price on Boeing in a research report on Monday, March 24th. JPMorgan Chase & Co. boosted their price target on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.90.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

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.