Armis Advisers LLC Takes Position in The Boeing Company (NYSE:BA)

Armis Advisers LLC acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,243 shares of the aircraft producer's stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Garde Capital Inc. lifted its position in shares of Boeing by 3.6% during the 4th quarter. Garde Capital Inc. now owns 6,395 shares of the aircraft producer's stock worth $1,132,000 after buying an additional 220 shares during the period. Liberty Square Wealth Partners LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $386,000. Ameriflex Group Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $286,000. Ascent Group LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $464,000. Finally, Fidelity D & D Bancorp Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $211,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 0.2%

Shares of Boeing stock traded up $0.47 during trading on Wednesday, reaching $201.50. 5,457,223 shares of the company were exchanged, compared to its average volume of 9,141,752. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $209.66. The business has a 50-day moving average price of $177.34 and a 200-day moving average price of $171.19. The firm has a market capitalization of $151.93 billion, a price-to-earnings ratio of -11.00 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Benchmark cut their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, UBS Group lifted their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

Insider Buying and Selling

In other Boeing 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 transaction of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 over the last three months. Company 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.