The Boeing Company (NYSE:BA) Shares Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC boosted its holdings in The Boeing Company (NYSE:BA) by 21.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,616 shares of the aircraft producer’s stock after buying an additional 628 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Boeing were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Courier Capital LLC boosted its stake in Boeing by 2.3% in the 1st quarter. Courier Capital LLC now owns 17,790 shares of the aircraft producer’s stock worth $3,034,000 after buying an additional 400 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Boeing by 16.0% in the 1st quarter. Park Avenue Securities LLC now owns 13,319 shares of the aircraft producer’s stock worth $2,272,000 after purchasing an additional 1,833 shares during the period. OLD National Bancorp IN raised its holdings in shares of Boeing by 7.0% in the 1st quarter. OLD National Bancorp IN now owns 6,932 shares of the aircraft producer’s stock worth $1,182,000 after purchasing an additional 454 shares during the period. Wynn Capital LLC purchased a new position in shares of Boeing in the 1st quarter worth about $584,000. Finally, KMG Fiduciary Partners LLC raised its holdings in shares of Boeing by 310.9% in the 1st quarter. KMG Fiduciary Partners LLC now owns 14,501 shares of the aircraft producer’s stock worth $2,473,000 after purchasing an additional 10,972 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares of the company’s stock, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BA shares. TD Securities downgraded Boeing to a “cautious” rating in a report on Thursday, May 22nd. Jefferies Financial Group raised their price objective on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Citigroup reiterated a “buy” rating on shares of Boeing in a report on Thursday, May 22nd. Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Finally, UBS Group raised their target price on Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a report on Friday, May 9th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.85.

Boeing Trading Up 1.0%

Shares of BA opened at $211.03 on Monday. The firm has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The stock has a 50 day moving average of $182.59 and a 200-day moving average of $175.06. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $215.80.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. Boeing’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) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.