The Boeing Company (NYSE:BA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 8.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 122,280 shares of the aircraft producer's stock after buying an additional 9,992 shares during the period. Cerity Partners LLC's holdings in Boeing were worth $21,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 12,641,715 shares during the period. Geode Capital Management LLC boosted its position in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Boeing in the fourth quarter valued at approximately $230,944,000. Amundi increased its position in shares of Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after buying an additional 1,292,417 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new position in shares of Boeing during the 4th quarter worth approximately $212,400,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $196.10.

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Boeing Stock Up 0.9 %

NYSE:BA traded up $1.43 on Friday, reaching $156.95. 8,802,630 shares of the company's stock were exchanged, compared to its average volume of 9,026,198. The business has a fifty day moving average of $168.68 and a 200-day moving average of $164.00. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The firm has a market capitalization of $117.73 billion, a price-to-earnings ratio of -8.57 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results 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 firm earned ($0.47) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $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 accessible through the SEC website. 0.09% of the stock is currently 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.