Captrust Financial Advisors Buys 9,730 Shares of The Boeing Company (NYSE:BA)

Captrust Financial Advisors lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,497 shares of the aircraft producer's stock after buying an additional 9,730 shares during the quarter. Captrust Financial Advisors' holdings in Boeing were worth $10,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sierra Ocean LLC purchased a new position in Boeing during the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter worth $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter valued at about $28,000. HighMark Wealth Management LLC raised its holdings 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 worth $29,000 after buying an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its position in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BA. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. UBS Group increased their price objective on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. StockNews.com raised shares of Boeing to a "sell" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $140.00 price objective (up previously 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 given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $200.90.

Boeing Stock Performance

BA stock opened at $185.75 on Thursday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The firm has a market capitalization of $140.05 billion, a price-to-earnings ratio of -10.14 and a beta of 1.41. The company's 50 day moving average price is $165.87 and its 200 day moving average price is $166.38.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) 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 analysts' expectations of $19.57 billion. The company's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.13) EPS. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.