Janney Montgomery Scott LLC Makes New Investment in The Boeing Company (NYSE:BA)

Janney Montgomery Scott LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 141,934 shares of the aircraft producer's stock, valued at approximately $24,207,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. American National Bank & Trust raised its stake in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. HighMark Wealth Management LLC raised its position 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 valued at $29,000 after buying an additional 90 shares in the last quarter. REAP Financial Group LLC raised its position in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares during the period. Finally, Anfield Capital Management LLC lifted its position in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the 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 $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 in the last quarter. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BA shares. Citigroup reissued a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their target price for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Cowen reiterated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $209.85.

Boeing Stock Down 1.3%

Shares of BA stock traded down $2.64 on Thursday, hitting $197.62. The company had a trading volume of 7,910,147 shares, compared to its average volume of 9,444,273. The firm has a market cap of $149.01 billion, a P/E ratio of -11.03 and a beta of 1.43. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80. The company has a 50-day moving average price of $191.71 and a 200-day moving average price of $177.73.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.13) EPS. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

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.