First Trust Advisors LP Has $24.88 Million Stock Holdings in The Boeing Company (NYSE:BA)

First Trust Advisors LP grew its position in shares of The Boeing Company (NYSE:BA - Free Report) by 33.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,578 shares of the aircraft producer's stock after buying an additional 35,524 shares during the quarter. First Trust Advisors LP's holdings in Boeing were worth $24,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC grew its stake in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Boeing by 17.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock valued at $694,091,000 after purchasing an additional 581,987 shares during the period. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA stock traded up $1.66 during trading on Friday, hitting $177.92. 7,635,951 shares of the company were exchanged, compared to its average volume of 9,059,394. The business's 50-day simple moving average is $164.87 and its 200 day simple moving average is $164.69. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The firm has a market capitalization of $133.46 billion, a price-to-earnings ratio of -9.71 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. On average, equities analysts forecast 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 the business's stock in a transaction dated Thursday, February 20th. The stock was 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BA shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Boeing in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Boeing to a "sell" rating in a report on Thursday. Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $198.45.

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.