Beacon Pointe Advisors LLC Buys 2,219 Shares of The Boeing Company (NYSE:BA)

Beacon Pointe Advisors LLC grew its stake in The Boeing Company (NYSE:BA - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,004 shares of the aircraft producer's stock after acquiring an additional 2,219 shares during the period. Beacon Pointe Advisors LLC's holdings in Boeing were worth $12,922,000 as of its most recent filing with the Securities and Exchange Commission.

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

Boeing Price Performance

Boeing stock opened at $182.23 on Tuesday. The firm has a 50-day moving average of $164.80 and a 200-day moving average of $165.04. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The company has a market cap of $137.40 billion, a price-to-earnings ratio of -9.95 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the company earned ($1.13) earnings per share. The company's quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent analyst reports. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. TD Securities restated a "buy" rating and issued a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. Benchmark lowered their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $200.90.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm'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 in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by company insiders.

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.

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