Farther Finance Advisors LLC Grows Stock Holdings in The Boeing Company (NYSE:BA)

Farther Finance Advisors LLC raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 44.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,803 shares of the aircraft producer's stock after acquiring an additional 3,330 shares during the quarter. Farther Finance Advisors LLC's holdings in Boeing were worth $1,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi lifted its position in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. KKM Financial LLC lifted its position in Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after buying an additional 5,175 shares in the last quarter. Wynn Capital LLC acquired a new position in shares of Boeing during the 1st quarter worth about $584,000. Grant Private Wealth Management Inc acquired a new position in shares of Boeing during the 4th quarter worth about $903,000. Finally, Winslow Asset Management Inc. boosted its stake in shares of Boeing by 8.2% during the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock worth $7,215,000 after buying an additional 3,096 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Down 1.7%

NYSE BA traded down $3.54 during trading hours on Friday, hitting $200.21. 16,066,055 shares of the company's stock traded hands, compared to its average volume of 9,423,143. The business's fifty day moving average price is $188.93 and its two-hundred day moving average price is $176.94. The firm has a market capitalization of $150.96 billion, a P/E ratio of -10.93 and a beta of 1.43. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80.

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

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $200.00 target price on shares of Boeing in a report on Thursday. 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 report on Friday, May 9th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Royal Bank of Canada increased their price target on shares of Boeing from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $209.85.

Boeing Company 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.