The Boeing Company (NYSE:BA) Shares Bought by Regal Investment Advisors LLC

Regal Investment Advisors LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 20.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,089 shares of the aircraft producer’s stock after buying an additional 692 shares during the period. Regal Investment Advisors LLC’s holdings in Boeing were worth $724,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at approximately $7,544,000. World Investment Advisors LLC increased its stake in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 3,814 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Boeing by 290.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer’s stock worth $2,593,000 after purchasing an additional 12,680 shares during the last quarter. Tidal Investments LLC boosted its position in Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer’s stock worth $5,812,000 after purchasing an additional 804 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 0.8 %

Shares of BA opened at $156.73 on Thursday. The stock’s fifty day simple moving average is $167.15 and its 200 day simple moving average is $163.91. 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 $117.56 billion, a P/E ratio of -8.56 and a beta of 1.24.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the firm posted ($0.47) earnings per share. Sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the 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 in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upped 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. 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 research note on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Boeing from $113.00 to $111.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Citigroup raised their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.00.

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.