The Boeing Company (NYSE:BA) Stock Holdings Boosted by Financial Engines Advisors L.L.C.

Key Points

• Financial Engines Advisors L.L.C. increased its holdings in The Boeing Company by 7.9%, owning 58,801 shares worth approximately $10 million after purchasing an additional 4,297 shares in the first quarter.
• Boeing reported a net loss of ($1.24) EPS for the last quarter, missing the consensus estimate, although revenue increased by 34.9% year-over-year to $22.75 billion.
• Analyst ratings for Boeing vary, with several upgrades recently, including a target price increase from $180 to $275 by Redburn Atlantic, indicating strong investor interest in the stock.

Financial Engines Advisors L.L.C. raised its stake in The Boeing Company (NYSE:BA - Free Report) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,801 shares of the aircraft producer's stock after purchasing an additional 4,297 shares during the period. Financial Engines Advisors L.L.C.'s holdings in Boeing were worth $10,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Wood Tarver Financial Group LLC boosted its position in shares of Boeing by 14.3% in the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after buying an additional 55 shares during the period. Signature Wealth Management Partners LLC boosted its position in shares of Boeing by 2.0% in the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock worth $493,000 after buying an additional 57 shares during the period. Byrne Financial Freedom LLC boosted its position in shares of Boeing by 3.0% in the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after buying an additional 58 shares during the period. HighPoint Advisor Group LLC boosted its position in shares of Boeing by 0.3% in the first quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock worth $3,578,000 after buying an additional 58 shares during the period. Finally, WBH Advisory Inc. boosted its holdings in Boeing by 2.6% in the first quarter. WBH Advisory Inc. now owns 2,304 shares of the aircraft producer's stock valued at $393,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

Shares of NYSE BA traded up $6.27 during mid-day trading on Tuesday, hitting $232.23. The company had a trading volume of 7,395,206 shares, compared to its average volume of 7,054,675. The stock has a market cap of $175.60 billion, a price-to-earnings ratio of -14.07 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's 50 day simple moving average is $218.06 and its two-hundred day simple moving average is $191.40.

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

Wall Street Analyst Weigh In

BA has been the subject of a number of analyst reports. Jefferies Financial Group increased their price target on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Citigroup reissued a "buy" rating on shares of Boeing in a report on Monday, July 28th. JPMorgan Chase & Co. increased their price target on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Barclays increased their price target on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.90.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred 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 directly owned 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the firm'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 sale, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company 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.