CW Advisors LLC Purchases 4,257 Shares of The Boeing Company $BA

Key Points

• CW Advisors LLC increased its holdings in The Boeing Company by 22.0%, acquiring an additional 4,257 shares, bringing their total to 23,649 shares valued at approximately $4,060,000.
• Several institutional investors have made significant investments in Boeing, with Alyeska Investment Group acquiring a stake worth about $526.89 million in the fourth quarter.
• Despite missing EPS estimates, Boeing reported a 34.9% year-over-year revenue increase of $22.75 billion for the quarter, compared to expected revenues of $20.13 billion.

CW Advisors LLC grew its position in The Boeing Company (NYSE:BA - Free Report) by 22.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,649 shares of the aircraft producer's stock after acquiring an additional 4,257 shares during the period. CW Advisors LLC's holdings in Boeing were worth $4,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. Castlekeep Investment Advisors LLC bought a new position in shares of Boeing in the 4th quarter valued at about $568,000. Alyeska Investment Group L.P. bought a new stake in shares of Boeing during the 4th quarter worth about $526,889,000. Zimmer Partners LP bought a new stake in shares of Boeing during the 4th quarter worth about $393,736,000. Northern Trust Corp boosted its holdings in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after buying an additional 1,634,231 shares during the period. Finally, Sculptor Capital LP bought a new stake in shares of Boeing during the 4th quarter worth about $265,500,000. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BA. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $250.00 target price on shares of Boeing in a report on Wednesday, July 30th. Bank of America lifted their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Citigroup reaffirmed a "buy" rating on shares of Boeing in a report on Monday, July 28th. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Finally, The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $228.90.

Boeing Stock Up 2.4%

NYSE BA opened at $229.7750 on Friday. The company has a market capitalization of $173.75 billion, a P/E ratio of -13.92 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a 50-day moving average price of $221.17 and a two-hundred day moving average price of $194.34.

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

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.