Waverly Advisors LLC Buys 5,185 Shares of The Boeing Company (NYSE:BA)

Waverly Advisors LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,253 shares of the aircraft producer's stock after acquiring an additional 5,185 shares during the period. Waverly Advisors LLC's holdings in Boeing were worth $3,054,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. lifted its position in Boeing by 4.2% during the fourth quarter. Hartford Financial Management Inc. now owns 10,501 shares of the aircraft producer's stock valued at $1,859,000 after buying an additional 428 shares during the period. Annex Advisory Services LLC purchased a new position in Boeing during the fourth quarter valued at $205,000. MassMutual Private Wealth & Trust FSB lifted its position in Boeing by 7.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,916 shares of the aircraft producer's stock valued at $516,000 after buying an additional 214 shares during the period. ZWJ Investment Counsel Inc. purchased a new position in Boeing during the fourth quarter valued at $225,000. Finally, Ballentine Partners LLC lifted its position in Boeing by 27.7% during the fourth quarter. Ballentine Partners LLC now owns 5,788 shares of the aircraft producer's stock valued at $1,024,000 after buying an additional 1,254 shares during the period. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Cowen reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Citigroup lifted their price target on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. TD Securities reaffirmed a "buy" rating and issued a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $140.00 price target (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Stock Down 2.1%

Boeing stock opened at $203.27 on Thursday. The business has a 50-day simple moving average of $174.53 and a two-hundred day simple moving average of $169.64. The company has a market cap of $153.26 billion, a P/E ratio of -11.10 and a beta of 1.41. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66.

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

Insider Buying and Selling at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 in the last three months. 0.09% of the stock is currently owned by company insiders.

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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