The Boeing Company (NYSE:BA) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in The Boeing Company (NYSE:BA - Free Report) by 35.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,436 shares of the aircraft producer's stock after acquiring an additional 8,676 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Boeing were worth $5,702,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new stake in Boeing during the fourth quarter valued at about $201,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Boeing in the fourth quarter worth about $7,837,000. Advisor OS LLC raised its stake in Boeing by 3.1% during the fourth quarter. Advisor OS LLC now owns 2,277 shares of the aircraft producer's stock valued at $403,000 after buying an additional 68 shares in the last quarter. Cable Hill Partners LLC acquired a new stake in Boeing during the fourth quarter valued at approximately $223,000. Finally, Kovack Advisors Inc. raised its position in shares of Boeing by 11.1% during the 4th quarter. Kovack Advisors Inc. now owns 6,858 shares of the aircraft producer's stock worth $1,214,000 after purchasing an additional 687 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred 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 now owns 13,258 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last quarter. Company insiders own 0.09% of the company's stock.

Boeing Stock Up 5.9%

BA stock opened at $214.56 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80. The company has a market cap of $161.78 billion, a PE ratio of -11.97 and a beta of 1.43. The business's 50-day simple moving average is $197.85 and its 200 day simple moving average is $179.88.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.13) EPS. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Susquehanna reiterated a "positive" rating and set a $240.00 price target (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Jefferies Financial Group increased their target price on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Citigroup reissued a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $215.77.

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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