Aptus Capital Advisors LLC Acquires 3,848 Shares of The Boeing Company (NYSE:BA)

Aptus Capital Advisors LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,994 shares of the aircraft producer’s stock after acquiring an additional 3,848 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Boeing were worth $2,123,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sierra Ocean LLC purchased a new stake in Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter worth about $28,000. HighMark Wealth Management LLC grew its position in Boeing by 121.6% during the 4th 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 last quarter. Finally, Anfield Capital Management LLC grew 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. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.5 %

Shares of BA opened at $186.42 on Tuesday. The firm’s fifty day simple moving average is $165.41 and its 200-day simple moving average is $166.11. The firm has a market capitalization of $140.56 billion, a price-to-earnings ratio of -10.18 and a beta of 1.40. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings data 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. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.13) EPS. On average, analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BA. Wells Fargo & Company reiterated an “underweight” rating and issued a $140.00 target price (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Sanford C. Bernstein raised shares of 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 report on Monday, April 28th. Citigroup boosted their price target on Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.90.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm’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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated 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 approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Company 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.