Rehmann Capital Advisory Group Increases Stake in The Boeing Company (NYSE:BA)

Rehmann Capital Advisory Group increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,131 shares of the aircraft producer's stock after purchasing an additional 2,598 shares during the period. Rehmann Capital Advisory Group's holdings in Boeing were worth $2,147,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the 4th quarter valued at $28,000. HighMark Wealth Management LLC grew its position in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC increased its stake in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of BA opened at $182.01 on Wednesday. The business's 50-day moving average is $164.82 and its two-hundred day moving average is $165.16. The company has a market capitalization of $137.24 billion, a P/E ratio of -9.94 and a beta of 1.24. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $181.00 to $218.00 in a research report on Monday. UBS Group boosted their price target on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $140.00 target price (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.90.

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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