The Boeing Company (NYSE:BA) Shares Bought by Certuity LLC

Certuity LLC lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 32.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,494 shares of the aircraft producer's stock after buying an additional 10,989 shares during the period. Boeing comprises 0.8% of Certuity LLC's investment portfolio, making the stock its 28th biggest holding. Certuity LLC's holdings in Boeing were worth $7,590,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BA. Revolve Wealth Partners LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $201,000. Bank Pictet & Cie Europe AG purchased a new position in shares of Boeing during the 4th quarter worth approximately $7,837,000. Summit Investment Advisors Inc. raised its stake in shares of Boeing by 22.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,284 shares of the aircraft producer's stock worth $1,289,000 after buying an additional 1,355 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of Boeing by 18.5% during the 4th quarter. CreativeOne Wealth LLC now owns 7,003 shares of the aircraft producer's stock worth $1,240,000 after buying an additional 1,092 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Boeing by 34.5% during the 4th quarter. Guggenheim Capital LLC now owns 22,477 shares of the aircraft producer's stock worth $3,978,000 after buying an additional 5,760 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BA. Susquehanna increased their target price on Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Benchmark dropped their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $228.90.

Boeing Stock Up 0.3%

BA stock opened at $233.32 on Thursday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock's fifty day simple moving average is $218.48 and its 200-day simple moving average is $191.69. The stock has a market capitalization of $176.43 billion, a price-to-earnings ratio of -14.13 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates 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 firm earned ($2.90) EPS. The company's revenue was up 34.9% compared to the same quarter last year. As a group, analysts anticipate 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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