EverSource Wealth Advisors LLC Buys 1,268 Shares of The Boeing Company (NYSE:BA)

EverSource Wealth Advisors LLC lifted its stake in The Boeing Company (NYSE:BA) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,345 shares of the aircraft producer’s stock after purchasing an additional 1,268 shares during the period. EverSource Wealth Advisors LLC’s holdings in Boeing were worth $1,300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Raymond James Financial Inc. bought a new position in shares of Boeing in the 4th quarter worth $230,944,000. Amundi boosted its position in shares of Boeing by 473.6% in the 4th 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 during the last quarter. Franklin Resources Inc. boosted its position in shares of Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after purchasing an additional 981,796 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was 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 owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Boeing Stock Performance

NYSE:BA opened at $159.08 on Thursday. The stock’s 50-day simple moving average is $173.64 and its 200 day simple moving average is $163.80. The company has a market cap of $119.32 billion, a P/E ratio of -8.68 and a beta of 1.53. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95.

Boeing (NYSE:BA) last posted 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 last year, the company posted ($0.47) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent research reports. StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Citigroup lifted their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.16.

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.