The Boeing Company (NYSE:BA) Stock Position Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,824 shares of the aircraft producer's stock after buying an additional 2,919 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Boeing were worth $26,576,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Revolve Wealth Partners LLC acquired a new position in shares of Boeing during the fourth quarter worth about $201,000. Bank Pictet & Cie Europe AG acquired a new position in Boeing during the 4th quarter worth approximately $7,837,000. Transcend Capital Advisors LLC boosted its holdings in Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock worth $871,000 after acquiring an additional 61 shares during the period. TCW Group Inc. purchased a new position in Boeing in the 4th quarter worth approximately $2,833,000. Finally, Howard Capital Management Inc. grew its position in Boeing by 5.3% in the fourth quarter. Howard Capital Management Inc. now owns 3,576 shares of the aircraft producer's stock valued at $633,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Down 0.1%

BA stock traded down $0.28 during mid-day trading on Tuesday, reaching $201.04. The company had a trading volume of 5,891,883 shares, compared to its average volume of 9,441,956. The stock's 50-day simple moving average is $195.13 and its two-hundred day simple moving average is $179.09. The stock has a market capitalization of $151.58 billion, a P/E ratio of -11.22 and a beta of 1.43. The Boeing Company has a one year low of $128.88 and a one year high of $218.80.

Boeing (NYSE:BA - Get Free Report) last posted 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 firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted ($1.13) EPS. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 in the last three months. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. UBS Group upped their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. TD Securities cut shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Jefferies Financial Group boosted their price target on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, three have issued 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $209.85.

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.