Financial Engines Advisors L.L.C. Raises Stake in The Boeing Company (NYSE:BA)

Financial Engines Advisors L.L.C. boosted its holdings in The Boeing Company (NYSE:BA) by 23.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,504 shares of the aircraft producer’s stock after purchasing an additional 10,388 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Boeing were worth $9,647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in shares of Boeing during the fourth quarter valued at $38,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Boeing by 20.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 321,908 shares of the aircraft producer’s stock valued at $56,978,000 after purchasing an additional 53,896 shares during the last quarter. Jackson Square Partners LLC increased its stake in Boeing by 26.8% during the 4th quarter. Jackson Square Partners LLC now owns 37,340 shares of the aircraft producer’s stock valued at $6,609,000 after purchasing an additional 7,891 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Boeing by 18.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,090 shares of the aircraft producer’s stock worth $2,140,000 after buying an additional 1,890 shares during the last quarter. Finally, PKS Advisory Services LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $397,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.0 %

BA stock opened at $182.71 on Wednesday. The business’s 50-day moving average price is $173.50 and its 200-day moving average price is $163.90. The stock has a market cap of $137.05 billion, a P/E ratio of -9.97 and a beta of 1.53. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) EPS. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions 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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BA shares. Wells Fargo & Company raised their price target on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

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.