Cobblestone Capital Advisors LLC NY Raises Holdings in The Boeing Company (NYSE:BA)

Cobblestone Capital Advisors LLC NY lifted its stake in The Boeing Company (NYSE:BA) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,452 shares of the aircraft producer’s stock after acquiring an additional 72 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Boeing were worth $1,100,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. American National Bank & Trust increased its position in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares in the last quarter. REAP Financial Group LLC increased its position in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Dogwood Wealth Management LLC increased its position in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 112 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter valued at about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Boeing by 122.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer’s stock valued at $34,000 after buying an additional 105 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president directly owned 20,513 shares of the company’s stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Up 0.8%

Shares of BA stock opened at $229.08 on Monday. The company has a market capitalization of $173.22 billion, a P/E ratio of -13.88 and a beta of 1.48. The business’s 50 day moving average is $217.39 and its two-hundred day moving average is $190.77. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same period in the prior year, the firm earned ($2.90) earnings per share. Boeing’s revenue was up 34.9% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent analyst reports. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and upped their target price for the company from $180.00 to $275.00 in a research report on Friday, June 27th. Bank of America increased their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Benchmark cut their price objective on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a report on Friday, June 27th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday, July 28th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.90.

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.