The Boeing Company (NYSE:BA) Shares Purchased by Pure Financial Advisors LLC

by · The Cerbat Gem

Pure Financial Advisors LLC raised its stake in The Boeing Company (NYSE:BA – Free Report) by 43.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,430 shares of the aircraft producer’s stock after buying an additional 2,837 shares during the quarter. Pure Financial Advisors LLC’s holdings in Boeing were worth $1,608,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG acquired a new stake in Boeing in the 4th quarter valued at approximately $7,837,000. Advisor OS LLC raised its stake in Boeing by 3.1% during the 4th quarter. Advisor OS LLC now owns 2,277 shares of the aircraft producer’s stock valued at $403,000 after acquiring an additional 68 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Boeing by 18.1% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,884 shares of the aircraft producer’s stock worth $1,218,000 after acquiring an additional 1,057 shares during the period. Finally, Heritage Investors Management Corp grew its stake in shares of Boeing by 3.5% in the fourth quarter. Heritage Investors Management Corp now owns 118,167 shares of the aircraft producer’s stock worth $20,916,000 after purchasing an additional 4,029 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BA. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. TD Securities cut shares of Boeing to a “cautious” rating in a report on Thursday, May 22nd. Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Finally, Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $209.85.

View Our Latest Stock Analysis on BA

Boeing Stock Performance

Shares of NYSE:BA opened at $202.61 on Friday. The firm has a 50 day simple moving average of $196.80 and a 200 day simple moving average of $179.54. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80. The company has a market cap of $152.77 billion, a PE ratio of -11.31 and a beta of 1.43.

Boeing (NYSE:BA – Get Free Report) last announced its 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 firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.13) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 42,513 shares of the company’s stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. Corporate insiders own 0.09% of the company’s stock.

Boeing Profile

(Free Report)

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.

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