Legacy Financial Advisors Inc. Has $1.94 Million Holdings in The Boeing Company (NYSE:BA)

Legacy Financial Advisors Inc. lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,970 shares of the aircraft producer's stock after acquiring an additional 2,513 shares during the quarter. Legacy Financial Advisors Inc.'s holdings in Boeing were worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BA. Phoenix Financial Ltd. bought a new position in shares of Boeing during the 4th quarter valued at $5,012,000. Bessemer Group Inc. raised its holdings in Boeing by 19.1% during the fourth quarter. Bessemer Group Inc. now owns 19,327 shares of the aircraft producer's stock valued at $3,422,000 after buying an additional 3,106 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its position in shares of Boeing by 39.9% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 93,959 shares of the aircraft producer's stock worth $16,631,000 after buying an additional 26,774 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Boeing during the 4th quarter worth about $109,000. Finally, Sandhill Capital Partners LLC raised its stake in shares of Boeing by 0.5% in the 4th quarter. Sandhill Capital Partners LLC now owns 18,018 shares of the aircraft producer's stock valued at $3,189,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BA. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their price objective on Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a research report on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $196.10.

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Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business'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 owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Performance

Shares of NYSE:BA traded up $2.12 on Monday, hitting $158.96. The stock had a trading volume of 3,314,497 shares, compared to its average volume of 9,003,947. The firm's 50 day moving average price is $168.68 and its 200-day moving average price is $164.00. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The company has a market capitalization of $119.23 billion, a price-to-earnings ratio of -8.68 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) EPS. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current 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.