The Boeing Company (NYSE:BA) Stock Holdings Increased by Savvy Advisors Inc.

Key Points

• Savvy Advisors Inc. increased its holdings in Boeing by 86.5% during the first quarter, now owning 4,553 shares worth $776,000.
• Several other hedge funds also adjusted their stakes in Boeing, with institutional investors owning 64.82% of the stock.
• Boeing's stock price has seen fluctuations, currently trading around $229.08, with a 52-week high of $242.69 and a recent earnings report indicating revenue growth despite an EPS miss.

Savvy Advisors Inc. raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 86.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,553 shares of the aircraft producer's stock after acquiring an additional 2,112 shares during the period. Savvy Advisors Inc.'s holdings in Boeing were worth $776,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC boosted its position in Boeing by 14.3% during the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after acquiring an additional 55 shares during the last quarter. Signature Wealth Management Partners LLC grew its stake in Boeing by 2.0% during the 1st quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock valued at $493,000 after acquiring an additional 57 shares in the last quarter. Byrne Financial Freedom LLC grew its stake in Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock valued at $340,000 after acquiring an additional 58 shares in the last quarter. HighPoint Advisor Group LLC grew its stake in Boeing by 0.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock valued at $3,578,000 after acquiring an additional 58 shares in the last quarter. Finally, WBH Advisory Inc. grew its stake in Boeing by 2.6% during the 1st quarter. WBH Advisory Inc. now owns 2,304 shares of the aircraft producer's stock valued at $393,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Up 0.8%

Boeing stock opened at $229.08 on Friday. The firm has a market cap of $173.22 billion, a PE ratio of -13.88 and a beta of 1.48. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company's 50 day moving average is $217.39 and its two-hundred day moving average is $190.57.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($2.90) EPS. On average, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. KGI Securities raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Bank of America upped their price objective on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research note on Monday, July 28th. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.90.

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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