19,791 Shares in The Boeing Company (NYSE:BA) Acquired by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,791 shares of the aircraft producer's stock, valued at approximately $3,503,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC increased its position in shares of Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after acquiring an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. bought a new stake in Boeing during the fourth quarter worth $526,889,000. Finally, Northern Trust Corp lifted its stake in Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

BA traded up $6.23 during midday trading on Thursday, reaching $191.79. 15,330,692 shares of the company were exchanged, compared to its average volume of 9,065,984. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The company's fifty day moving average price is $165.87 and its 200 day moving average price is $166.38. The company has a market cap of $144.61 billion, a price-to-earnings ratio of -10.47 and a beta of 1.41.

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 for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter last year, the business posted ($1.13) earnings per share. Boeing's revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BA. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday. Citigroup increased their target price on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. TD Securities reissued a "buy" rating and issued a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. Finally, StockNews.com upgraded Boeing to a "sell" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $200.90.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

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.