United Capital Financial Advisors LLC Purchases 12,869 Shares of The Boeing Company (NYSE:BA)

United Capital Financial Advisors LLC raised its position in The Boeing Company (NYSE:BA - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,695 shares of the aircraft producer's stock after purchasing an additional 12,869 shares during the period. United Capital Financial Advisors LLC's holdings in Boeing were worth $7,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Keynote Financial Services LLC boosted its position in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after acquiring an additional 57 shares during the period. Chaney Capital Management Inc. lifted its position in shares of Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after purchasing an additional 59 shares during the period. Center for Financial Planning Inc. grew its position in Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after purchasing an additional 60 shares in the last quarter. Finally, Trek Financial LLC lifted its position in Boeing by 2.7% in the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after buying an additional 60 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BA shares. JPMorgan Chase & Co. boosted their price target on shares of 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 reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. StockNews.com upgraded Boeing to a "sell" rating in a report on Saturday, April 5th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.11.

Boeing Price Performance

Shares of Boeing stock traded down $4.37 during trading on Monday, hitting $157.53. 1,966,612 shares of the company's stock traded hands, compared to its average volume of 9,044,211. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The company has a market cap of $118.16 billion, a PE ratio of -8.60 and a beta of 1.24. The firm's fifty day moving average price is $166.41 and its 200 day moving average price is $164.21.

Boeing (NYSE:BA - Get Free Report) last released 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 quarter in the prior year, the company posted ($0.47) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.