Cary Street Partners Financial LLC Increases Stock Position in The Boeing Company (NYSE:BA)

Cary Street Partners Financial LLC raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,479 shares of the aircraft producer's stock after purchasing an additional 1,688 shares during the quarter. Cary Street Partners Financial LLC's holdings in Boeing were worth $3,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC boosted its holdings in Boeing by 61.5% in the 1st quarter. Thoroughbred Financial Services LLC now owns 11,811 shares of the aircraft producer's stock valued at $2,014,000 after purchasing an additional 4,499 shares in the last quarter. Plan Group Financial LLC purchased a new stake in Boeing in the 1st quarter valued at approximately $251,000. Sfmg LLC boosted its holdings in Boeing by 4.3% in the 1st quarter. Sfmg LLC now owns 2,959 shares of the aircraft producer's stock valued at $505,000 after purchasing an additional 123 shares in the last quarter. Seelaus Asset Management LLC purchased a new stake in Boeing in the 1st quarter valued at approximately $255,000. Finally, IPG Investment Advisors LLC boosted its stake in shares of Boeing by 10.3% during the 1st quarter. IPG Investment Advisors LLC now owns 1,390 shares of the aircraft producer's stock worth $237,000 after acquiring an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on BA. Bank of America boosted their price target on Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. TD Securities lowered Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $228.90.

Boeing Stock Up 1.0%

BA stock opened at $224.62 on Wednesday. The company has a market cap of $169.85 billion, a price-to-earnings ratio of -13.61 and a beta of 1.48. The business has a fifty day simple moving average of $216.09 and a 200-day simple moving average of $189.57. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The firm's revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted ($2.90) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.

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