Investor s Fiduciary Advisor Network LLC Makes New $263,000 Investment in The Boeing Company (NYSE:BA)

Investor s Fiduciary Advisor Network LLC bought a new position in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,486 shares of the aircraft producer’s stock, valued at approximately $263,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its stake in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $568,000. Alyeska Investment Group L.P. purchased a new stake in Boeing in the fourth quarter valued at approximately $526,889,000. Finally, Northern Trust Corp raised its stake in Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction 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 sale, the executive vice president now owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $140.00 target price (up from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Benchmark decreased their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.85.

Boeing Stock Up 1.5%

NYSE BA opened at $194.53 on Monday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $203.62. The firm has a market capitalization of $146.68 billion, a P/E ratio of -10.62 and a beta of 1.41. The company has a 50-day moving average price of $167.01 and a 200-day moving average price of $166.99.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (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 analysts’ expectations of $19.57 billion. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.13) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

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.