Cetera Investment Advisers Raises Stock Holdings in The Boeing Company (NYSE:BA)

Cetera Investment Advisers boosted its stake in shares of The Boeing Company (NYSE:BA) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,458 shares of the aircraft producer’s stock after buying an additional 12,627 shares during the quarter. Cetera Investment Advisers’ holdings in Boeing were worth $44,154,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the 4th quarter valued at about $28,000. HighMark Wealth Management LLC increased its stake in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC boosted its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of Boeing stock opened at $186.13 on Wednesday. The company’s fifty day moving average is $165.66 and its two-hundred day moving average is $166.25. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The company has a market capitalization of $140.35 billion, a P/E ratio of -10.16 and a beta of 1.40.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the firm earned ($1.13) EPS. The business’s revenue was up 17.7% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were 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 $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $729,151.99. Following 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 disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and set a $140.00 target price (up from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. TD Securities reissued a “buy” rating and set a $180.00 target price on shares of Boeing in a research note on Thursday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Finally, UBS Group boosted their price objective on Boeing from $190.00 to $207.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.90.

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.