MSH Capital Advisors LLC Takes $555,000 Position in The Boeing Company (NYSE:BA)

MSH Capital Advisors LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,136 shares of the aircraft producer's stock, valued at approximately $555,000.

Several other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $7,544,000. World Investment Advisors LLC increased its position in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 3,814 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Boeing by 290.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock worth $2,593,000 after purchasing an additional 12,680 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock valued at $5,812,000 after acquiring an additional 804 shares during the period. Finally, Franklin Resources Inc. lifted its position in Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the period. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $198.95.

Boeing Trading Up 3.4 %

NYSE BA traded up $5.37 during midday trading on Friday, hitting $161.84. The company had a trading volume of 9,213,706 shares, compared to its average volume of 9,054,624. The company has a market capitalization of $121.39 billion, a PE ratio of -8.83 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. The firm has a 50-day moving average price of $166.41 and a 200-day moving average price of $164.03.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly 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 period in the prior year, the business earned ($0.47) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company'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 value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

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.