Cravens & Co Advisors LLC Buys 2,476 Shares of The Boeing Company (NYSE:BA)

Cravens & Co Advisors LLC boosted its position in The Boeing Company (NYSE:BA - Free Report) by 41.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,521 shares of the aircraft producer's stock after buying an additional 2,476 shares during the period. Boeing makes up 1.1% of Cravens & Co Advisors LLC's holdings, making the stock its 15th biggest holding. Cravens & Co Advisors LLC's holdings in Boeing were worth $1,508,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BA. MSH Capital Advisors LLC acquired a new stake in Boeing in the fourth quarter worth $555,000. NewEdge Advisors LLC increased its holdings in shares of Boeing by 15.3% during the fourth quarter. NewEdge Advisors LLC now owns 64,519 shares of the aircraft producer's stock valued at $11,420,000 after acquiring an additional 8,542 shares in the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Boeing by 10.0% in the 4th quarter. Insigneo Advisory Services LLC now owns 8,289 shares of the aircraft producer's stock worth $1,467,000 after purchasing an additional 752 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Boeing by 10.2% during the 4th quarter. Evergreen Capital Management LLC now owns 6,657 shares of the aircraft producer's stock valued at $1,178,000 after purchasing an additional 615 shares in the last quarter. Finally, Acorns Advisers LLC lifted its stake in shares of Boeing by 30.4% in the fourth quarter. Acorns Advisers LLC now owns 1,764 shares of the aircraft producer's stock valued at $312,000 after buying an additional 411 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BA shares. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $198.95.

Boeing Trading Up 3.4 %

Shares of NYSE BA traded up $5.37 during midday trading on Friday, hitting $161.84. 9,213,706 shares of the company's stock were exchanged, compared to its average volume of 9,072,137. The business's fifty day moving average price is $166.41 and its two-hundred day moving average price is $164.11. The company has a market cap of $121.39 billion, a price-to-earnings ratio of -8.83 and a beta of 1.24. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95.

Boeing (NYSE:BA - Get Free Report) last issued 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 previous year, the company earned ($0.47) EPS. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by 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.