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

Rehmann Capital Advisory Group increased its stake in The Boeing Company (NYSE:BA) by 27.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,131 shares of the aircraft producer’s stock after acquiring an additional 2,598 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Boeing were worth $2,147,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new stake in shares of Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC raised 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 purchasing an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s 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 sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $182.01 on Wednesday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The stock has a market capitalization of $137.24 billion, a PE ratio of -9.94 and a beta of 1.24. The stock has a 50-day simple moving average of $164.82 and a 200-day simple moving average of $165.16.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. During the same quarter in the prior year, the firm earned ($1.13) EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. Analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BA shares. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. StockNews.com raised Boeing to a “sell” rating in a research note on Thursday, April 24th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Benchmark dropped their price objective 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average 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.