United Capital Financial Advisors LLC Buys 12,869 Shares of The Boeing Company (NYSE:BA)

United Capital Financial Advisors LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 43.1% in the fourth quarter, HoldingsChannel reports. The fund owned 42,695 shares of the aircraft producer’s stock after acquiring an additional 12,869 shares during the period. United Capital Financial Advisors LLC’s holdings in Boeing were worth $7,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its position in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares in the last quarter. Carnegie Investment Counsel grew its holdings in Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 2,943 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares during the last quarter. World Investment Advisors LLC lifted its holdings in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after buying an additional 3,814 shares in the last quarter. Finally, Amundi boosted its position in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BA shares. StockNews.com upgraded shares of Boeing to a “sell” rating in a report on Saturday, April 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their target price on shares of Boeing from $113.00 to $111.00 and set an “underweight” rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $196.00.

Boeing Stock Up 0.8 %

BA stock opened at $156.73 on Thursday. The business’s fifty day simple moving average is $167.15 and its two-hundred day simple moving average is $163.91. The firm has a market cap of $117.56 billion, a price-to-earnings ratio of -8.56 and a beta of 1.24. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. Research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

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.