The Boeing Company (NYSE:BA) Stock Position Raised by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 10.3% in the first quarter, HoldingsChannel reports. The fund owned 79,800 shares of the aircraft producer’s stock after buying an additional 7,447 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Boeing were worth $13,610,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BA. American National Bank & Trust grew its stake in shares of 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. REAP Financial Group LLC grew its stake in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 112 shares during the period. Solstein Capital LLC acquired a new position in Boeing in the 4th quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the fourth quarter worth $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Wells Fargo & Company reiterated an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Susquehanna reiterated a “positive” rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $215.77.

Boeing Trading Up 1.8%

Boeing stock opened at $215.75 on Friday. The business’s 50 day simple moving average is $201.38 and its 200 day simple moving average is $181.06. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The company has a market cap of $162.68 billion, a price-to-earnings ratio of -12.04 and a beta of 1.41.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same period last year, the company posted ($1.13) EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was 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 owned 42,513 shares of the company’s stock, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

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.