The Boeing Company (NYSE:BA) Shares Purchased by Regal Investment Advisors LLC

Regal Investment Advisors LLC raised its position in The Boeing Company (NYSE:BA) by 20.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,089 shares of the aircraft producer’s stock after buying an additional 692 shares during the period. Regal Investment Advisors LLC’s holdings in Boeing were worth $724,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AdvisorNet Financial Inc boosted its stake in Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after acquiring an additional 710 shares during the last quarter. Carnegie Investment Counsel raised its stake in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 2,943 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Amundi grew its stake in Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 0.8 %

Shares of NYSE BA opened at $156.73 on Thursday. The stock has a market cap of $117.56 billion, a P/E ratio of -8.56 and a beta of 1.24. The firm’s 50-day simple moving average is $167.15 and its 200 day simple moving average is $163.91. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company posted ($0.47) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a research note on Saturday, April 5th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $196.00.

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.