Apella Capital LLC Grows Stock Holdings in The Boeing Company (NYSE:BA)

Apella Capital LLC boosted its holdings in The Boeing Company (NYSE:BA) by 17.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,196 shares of the aircraft producer’s stock after buying an additional 1,524 shares during the period. Apella Capital LLC’s holdings in Boeing were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC purchased a new position in Boeing in the 4th quarter valued at approximately $26,000. American National Bank & Trust grew its stake in Boeing by 474.1% in 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. HighMark Wealth Management LLC grew its stake 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 buying an additional 90 shares in the last quarter. REAP Financial Group LLC grew its stake in Boeing by 60.2% in 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. Finally, Anfield Capital Management LLC grew its stake in Boeing by 113.1% in the 4th 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 in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of NYSE:BA opened at $212.09 on Thursday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $215.80. The firm has a fifty day moving average of $180.96 and a 200 day moving average of $173.74. The firm has a market capitalization of $159.92 billion, a PE ratio of -11.58 and a beta of 1.41.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.13) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BA shares. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. UBS Group raised their price target on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a report on Friday, May 9th. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Benchmark cut their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. Finally, Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $207.85.

Insiders Place Their Bets

In other Boeing news, 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 value of $729,151.99. Following the completion of the sale, the executive vice president now directly 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 document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 20,513 shares of the company’s stock, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 over the last three months. Insiders own 0.09% of the company’s stock.

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.