Pure Financial Advisors LLC Buys 2,837 Shares of The Boeing Company (NYSE:BA)

Pure Financial Advisors LLC increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 43.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,430 shares of the aircraft producer's stock after buying an additional 2,837 shares during the quarter. Pure Financial Advisors LLC's holdings in Boeing were worth $1,608,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BA. Vanguard Group Inc. increased its holdings in 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 buying an additional 12,641,715 shares during the period. Geode Capital Management LLC boosted its position in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Northern Trust Corp increased its stake in 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 last quarter. Fisher Asset Management LLC raised its position in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after purchasing an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after purchasing an additional 981,796 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley set a $200.00 price target on Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Redburn Atlantic upgraded Boeing from a "neutral" rating to a "buy" rating and lifted their target price for the company from $180.00 to $275.00 in a research report on Friday. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Benchmark dropped their target price 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. Finally, Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $215.77.

Insider Buying and Selling at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by company insiders.

Boeing Price Performance

NYSE BA traded up $11.98 on Friday, reaching $214.56. The company had a trading volume of 14,787,018 shares, compared to its average volume of 9,452,909. The firm has a market cap of $161.78 billion, a price-to-earnings ratio of -11.97 and a beta of 1.43. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The business has a 50 day moving average of $196.80 and a two-hundred day moving average of $179.54.

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 for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the company posted ($1.13) EPS. The company's quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.