OneDigital Investment Advisors LLC Boosts Position in The Boeing Company (NYSE:BA)

OneDigital Investment Advisors LLC boosted its holdings in The Boeing Company (NYSE:BA - Free Report) by 10.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,800 shares of the aircraft producer's stock after purchasing an additional 7,447 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Boeing were worth $13,610,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC lifted its stake in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after acquiring an additional 1,634,231 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in shares of Boeing during the fourth quarter worth approximately $568,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Boeing in the 4th quarter valued at $526,889,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 1.8%

Shares of NYSE BA opened at $215.75 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The stock has a market cap of $162.68 billion, a P/E ratio of -12.04 and a beta of 1.41. The firm's 50-day simple moving average is $201.38 and its 200 day simple moving average is $181.06.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly 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 firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.13) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Susquehanna reiterated a "positive" rating and set a $240.00 price target (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Cowen reissued a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. UBS Group upped their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. TD Securities cut Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Finally, Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $215.77.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at $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 three months, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by corporate insiders.

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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