The Boeing Company (NYSE:BA) Shares Acquired by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,004 shares of the aircraft producer's stock after buying an additional 2,219 shares during the period. Beacon Pointe Advisors LLC's holdings in Boeing were worth $12,922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC boosted its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC boosted its stake 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 in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

NYSE BA traded down $0.24 during mid-day trading on Thursday, hitting $183.00. The company's stock had a trading volume of 7,317,437 shares, compared to its average volume of 9,053,639. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The stock's fifty day simple moving average is $164.94 and its two-hundred day simple moving average is $165.28. The firm has a market capitalization of $137.98 billion, a P/E ratio of -9.99 and a beta of 1.24.

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

Insider Buying and Selling at Boeing

In other Boeing 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 completion of the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on BA. TD Securities reiterated a "buy" rating and set a $180.00 target price on shares of Boeing in a research 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 target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. StockNews.com upgraded Boeing to a "sell" rating in a research report on Thursday, April 24th. Finally, Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $200.90.

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.