LPL Financial LLC Buys 69,831 Shares of The Boeing Company (NYSE:BA)

LPL Financial LLC raised its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,027,315 shares of the aircraft producer's stock after acquiring an additional 69,831 shares during the period. LPL Financial LLC owned approximately 0.14% of Boeing worth $175,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KKM Financial LLC lifted its stake in shares of Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after purchasing an additional 5,175 shares during the period. Wynn Capital LLC bought a new position in shares of Boeing in the 1st quarter worth approximately $584,000. Grant Private Wealth Management Inc bought a new position in shares of Boeing in the 4th quarter worth approximately $903,000. Advanced Portfolio Management LLC lifted its stake in shares of Boeing by 182.2% in the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock worth $2,655,000 after purchasing an additional 9,684 shares during the period. Finally, Zimmer Partners LP bought a new position in shares of Boeing in the 4th quarter worth approximately $393,736,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

BA stock opened at $236.40 on Tuesday. The firm has a fifty day moving average price of $213.63 and a 200 day moving average price of $187.41. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $236.63. The firm has a market cap of $178.25 billion, a PE ratio of -13.19 and a beta of 1.41.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective on the stock in a research note on Friday, June 27th. UBS Group raised their target price on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Jefferies Financial Group raised their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Finally, Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and raised their target price for the stock from $185.00 to $260.00 in a research note on Monday, June 2nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.55.

Insiders Place Their Bets

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The shares were 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 of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president directly owned 13,258 shares of the company's stock, valued at $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. Insiders sold 7,744 shares of company stock valued at $1,511,370 over the last three months. 0.09% of the stock is owned by company insiders.

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.

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