Private Advisor Group LLC Increases Position in The Boeing Company (NYSE:BA)

Private Advisor Group LLC lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,506 shares of the aircraft producer's stock after buying an additional 6,784 shares during the period. Private Advisor Group LLC's holdings in Boeing were worth $12,707,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Boeing by 29.5% during 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 purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Boeing by 33.6% during 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 purchasing an additional 1,634,231 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Boeing in the 4th quarter worth approximately $568,000. Finally, Alyeska Investment Group L.P. purchased a new position in Boeing in the 4th quarter worth approximately $526,889,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Activity at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $729,151.99. Following the completion of the transaction, the executive vice president directly owned 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 over the last three months. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Jefferies Financial Group upped their price objective on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. UBS Group increased their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a report on Friday, June 27th. Finally, Benchmark dropped their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. 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 stock. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and a consensus price target of $221.55.

Boeing Stock Down 0.7%

Shares of BA opened at $229.49 on Friday. The company has a market cap of $173.04 billion, a price-to-earnings ratio of -12.81 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $233.61. The company has a 50 day moving average of $210.26 and a two-hundred day moving average of $184.78.

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

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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