Cetera Investment Advisers Purchases 12,627 Shares of The Boeing Company (NYSE:BA)

Cetera Investment Advisers increased its holdings in The Boeing Company (NYSE:BA - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 249,458 shares of the aircraft producer's stock after buying an additional 12,627 shares during the period. Cetera Investment Advisers' holdings in Boeing were worth $44,154,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BA. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth $28,000. HighMark Wealth Management LLC raised its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC boosted its stake in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 95 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BA. Citigroup upped their target price on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Wells Fargo & Company restated an "underweight" rating and set a $140.00 price objective (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Finally, Morgan Stanley lifted their price target on Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have given 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 company currently has an average rating of "Moderate Buy" and a consensus target price of $201.85.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Performance

Shares of Boeing stock traded up $2.83 during midday trading on Friday, reaching $194.53. 7,653,112 shares of the company's stock traded hands, compared to its average volume of 9,076,297. The company has a market cap of $146.68 billion, a PE ratio of -10.62 and a beta of 1.41. The stock has a 50 day moving average of $167.01 and a 200-day moving average of $166.84. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the firm posted ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.