Empower Advisory Group LLC Has $65.09 Million Stock Holdings in The Boeing Company (NYSE:BA)

Key Points

• Empower Advisory Group LLC increased its Boeing stock holdings by 12.0% in Q1, owning approximately $65.09 million worth of shares after acquiring an additional 41,032 shares.
• In related investor activity, several firms, including Revolve Wealth Partners LLC and Bank Pictet & Cie Europe AG, made significant investments in Boeing during Q4, with institutional investors holding 64.82% of the company's stock.
• Boeing reported a quarterly EPS of (-$1.24), missing the consensus estimate, but had a revenue increase of 34.9% year-over-year, at $22.75 billion for the quarter.

Empower Advisory Group LLC increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 12.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,637 shares of the aircraft producer's stock after acquiring an additional 41,032 shares during the quarter. Empower Advisory Group LLC owned about 0.05% of Boeing worth $65,088,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BA. Revolve Wealth Partners LLC acquired a new position in shares of Boeing during the fourth quarter valued at $201,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Boeing during the fourth quarter valued at $7,837,000. Russell Investments Group Ltd. lifted its stake in shares of Boeing by 35.9% during the fourth quarter. Russell Investments Group Ltd. now owns 121,785 shares of the aircraft producer's stock valued at $21,556,000 after acquiring an additional 32,165 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Boeing by 13.7% during the fourth quarter. Quadrant Capital Group LLC now owns 3,671 shares of the aircraft producer's stock valued at $650,000 after acquiring an additional 443 shares during the period. Finally, Waterloo Capital L.P. bought a new stake in Boeing in the fourth quarter valued at about $455,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Transactions at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the 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 completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the 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 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. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Performance

NYSE:BA opened at $222.24 on Tuesday. The company has a market cap of $168.05 billion, a PE ratio of -13.46 and a beta of 1.48. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock has a 50-day simple moving average of $215.62 and a 200 day simple moving average of $189.33.

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 company had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.90) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BA shares. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $180.00 to $275.00 in a report on Friday, June 27th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. Bank of America upped their price objective on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday. Benchmark dropped their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

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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