Apella Capital LLC Buys 1,524 Shares of The Boeing Company (NYSE:BA)

Apella Capital LLC boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 17.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,196 shares of the aircraft producer's stock after buying an additional 1,524 shares during the quarter. Apella Capital LLC's holdings in Boeing were worth $1,640,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BA. Amundi lifted its holdings in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. KKM Financial LLC raised its position in shares of Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the period. Grant Private Wealth Management Inc acquired a new stake in shares of Boeing in the fourth quarter worth $903,000. Winslow Asset Management Inc. boosted its holdings in shares of Boeing by 8.2% during the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock worth $7,215,000 after buying an additional 3,096 shares during the period. Finally, Advanced Portfolio Management LLC grew its stake in Boeing by 182.2% in the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after buying an additional 9,684 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 1.0%

NYSE:BA traded up $2.01 on Friday, reaching $211.03. The stock had a trading volume of 6,069,723 shares, compared to its average volume of 9,202,902. The company has a market capitalization of $159.12 billion, a P/E ratio of -11.52 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $215.80. The stock has a fifty day moving average price of $181.73 and a 200-day moving average price of $174.19.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the firm earned ($1.13) earnings per share. The firm's 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 Analysts Forecast Growth

A number of research analysts have weighed in on BA shares. Benchmark cut their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research note on Thursday, May 22nd. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Finally, Cowen reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $207.85.

Insider Activity

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company'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 transaction, the executive vice president now owns 42,513 shares in the company, 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. Over the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is 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.