Janney Capital Management LLC Invests $479,000 in The Boeing Company (NYSE:BA)

Janney Capital Management LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,807 shares of the aircraft producer's stock, valued at approximately $479,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi boosted its holdings in Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. KKM Financial LLC boosted its holdings in Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the last quarter. Wynn Capital LLC purchased a new position in Boeing in the first quarter valued at about $584,000. Grant Private Wealth Management Inc purchased a new position in Boeing in the fourth quarter valued at about $903,000. Finally, Winslow Asset Management Inc. boosted its holdings in Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after purchasing an additional 3,096 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing 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 directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last quarter. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BA. Benchmark reduced their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Susquehanna reaffirmed a "positive" rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $209.85.

Boeing Trading Down 1.3%

Shares of NYSE BA opened at $197.62 on Friday. The stock's 50 day simple moving average is $192.55 and its 200 day simple moving average is $178.01. The company has a market cap of $149.01 billion, a price-to-earnings ratio of -11.03 and a beta of 1.43. The Boeing Company has a 12-month low of $128.88 and a 12-month 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 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 firm's revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.13) EPS. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.

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