Cary Street Partners Financial LLC Acquires New Shares in The Boeing Company (NYSE:BA)

Cary Street Partners Financial LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,791 shares of the aircraft producer’s stock, valued at approximately $3,503,000.

Several other large investors have also recently added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 95 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the topic of several analyst reports. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. UBS Group lifted their price objective on shares of Boeing from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $200.90.

Boeing Stock Up 0.5 %

BA opened at $186.42 on Tuesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95. The firm has a market capitalization of $140.56 billion, a P/E ratio of -10.18 and a beta of 1.40. The stock has a fifty day moving average of $165.41 and a 200-day moving average of $166.11.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.13) earnings per share. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

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 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 approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40 % decrease in their position. The disclosure for this sale can be found here. 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.