Mercer Global Advisors Inc. ADV Makes New Investment in The Boeing Company (NYSE:BA)

Mercer Global Advisors Inc. ADV bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 89,190 shares of the aircraft producer's stock, valued at approximately $15,787,000.

Several other hedge funds also recently modified their holdings of the business. World Investment Advisors LLC increased its stake in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 3,814 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of Boeing by 290.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock worth $2,593,000 after buying an additional 12,680 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Boeing by 2.1% in the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock valued at $5,812,000 after acquiring an additional 804 shares during the period. Franklin Resources Inc. increased its position in Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock worth $169,386,000 after acquiring an additional 1,055,472 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after purchasing an additional 38,332 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company reiterated an "underweight" rating and set a $140.00 target price (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Benchmark reduced their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Morgan Stanley raised their price target on Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Finally, Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $200.90.

Boeing Trading Down 0.2 %

Boeing stock traded down $0.33 during midday trading on Tuesday, reaching $186.13. The company's stock had a trading volume of 3,282,374 shares, compared to its average volume of 9,026,481. The business has a 50-day moving average price of $165.41 and a 200-day moving average price of $166.11. The stock has a market cap of $140.35 billion, a PE ratio of -10.13 and a beta of 1.40. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing'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 business posted ($1.13) earnings per share. As a group, research analysts predict that The Boeing Company will post -2.58 EPS 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.