The Boeing Company (NYSE:BA) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA) by 6.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,760 shares of the aircraft producer’s stock after acquiring an additional 1,543 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Boeing were worth $4,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Summit X LLC increased its position in shares of Boeing by 42.2% during the fourth quarter. Summit X LLC now owns 3,108 shares of the aircraft producer’s stock valued at $550,000 after acquiring an additional 923 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Boeing by 3.7% during the fourth quarter. Moors & Cabot Inc. now owns 19,412 shares of the aircraft producer’s stock valued at $3,436,000 after acquiring an additional 694 shares during the last quarter. Prosperity Wealth Management Inc. acquired a new stake in shares of Boeing during the fourth quarter valued at about $413,000. AGF Management Ltd. acquired a new stake in shares of Boeing during the fourth quarter valued at about $766,000. Finally, Gables Capital Management Inc. increased its position in shares of Boeing by 42.4% during the fourth quarter. Gables Capital Management Inc. now owns 10,223 shares of the aircraft producer’s stock valued at $1,809,000 after acquiring an additional 3,043 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BA shares. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Citigroup raised their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity

In other 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $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 available through this link. Corporate insiders own 0.16% of the company’s stock.

Boeing Trading Up 0.2 %

Shares of NYSE:BA opened at $159.05 on Friday. The company has a market capitalization of $119.30 billion, a PE ratio of -8.68 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. The firm has a 50 day simple moving average of $173.39 and a 200-day simple moving average of $163.76.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.