The Boeing Company (NYSE:BA) Shares Acquired by DCM Advisors LLC

DCM Advisors LLC grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,718 shares of the aircraft producer's stock after buying an additional 2,129 shares during the quarter. Boeing accounts for about 1.1% of DCM Advisors LLC's investment portfolio, making the stock its 25th biggest position. DCM Advisors LLC's holdings in Boeing were worth $2,428,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BA. Novem Group bought a new position in Boeing in the fourth quarter worth approximately $858,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Boeing by 43.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 139,533 shares of the aircraft producer's stock worth $24,697,000 after purchasing an additional 41,970 shares in the last quarter. Elequin Capital LP bought a new position in Boeing in the fourth quarter worth approximately $134,000. First Heartland Consultants Inc. grew its stake in Boeing by 1.6% in the fourth quarter. First Heartland Consultants Inc. now owns 5,332 shares of the aircraft producer's stock worth $944,000 after purchasing an additional 82 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors grew its stake in Boeing by 34.3% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 10,292 shares of the aircraft producer's stock worth $1,822,000 after purchasing an additional 2,627 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Trading Down 0.5%

NYSE:BA traded down $0.92 during midday trading on Friday, reaching $202.49. The company had a trading volume of 5,248,351 shares, compared to its average volume of 9,170,977. The firm has a market capitalization of $152.68 billion, a price-to-earnings ratio of -11.05 and a beta of 1.41. The stock's fifty day simple moving average is $176.17 and its 200-day simple moving average is $170.33. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $209.66.

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

Insiders Place Their Bets

In other 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 sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, 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 sale, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Citigroup reissued a "buy" rating on shares of Boeing in a research note on Thursday. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Cowen reiterated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and an average target price of $204.35.

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.