NorthRock Partners LLC Grows Position in The Boeing Company (NYSE:BA)

NorthRock Partners LLC increased its holdings in The Boeing Company (NYSE:BA - Free Report) by 94.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,934 shares of the aircraft producer's stock after buying an additional 11,163 shares during the period. NorthRock Partners LLC's holdings in Boeing were worth $4,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. AdvisorNet Financial Inc raised its position in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after purchasing an additional 710 shares during the period. Carnegie Investment Counsel increased its position in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 2,943 shares during the period. Amundi increased its position in shares of Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the period. KKM Financial LLC increased its position in shares of Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Finally, Grant Private Wealth Management Inc purchased a new position in shares of Boeing in the fourth quarter valued at about $903,000. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Citigroup boosted their price objective on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Morgan Stanley boosted their price target on shares of Boeing from $185.00 to $200.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group boosted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, StockNews.com upgraded shares of Boeing from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $204.35.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,263 shares of company stock worth $1,950,150 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Down 0.2%

BA traded down $0.36 during trading on Friday, hitting $205.88. 8,432,495 shares of the company traded hands, compared to its average volume of 9,210,473. The company has a market cap of $155.23 billion, a PE ratio of -11.24 and a beta of 1.41. The stock's 50-day simple moving average is $170.78 and its two-hundred day simple moving average is $168.18. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $19.57 billion. The business's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business earned ($1.13) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

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.