Checchi Capital Advisers LLC Has $1.22 Million Stock Holdings in The Boeing Company (NYSE:BA)

Checchi Capital Advisers LLC grew its position in The Boeing Company (NYSE:BA – Get Rating) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,382 shares of the aircraft producer’s stock after purchasing an additional 473 shares during the period. Checchi Capital Advisers LLC’s holdings in Boeing were worth $1,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BA. Financial Management Professionals Inc. lifted its stake in Boeing by 7.7% in the 4th quarter. Financial Management Professionals Inc. now owns 701 shares of the aircraft producer’s stock worth $134,000 after purchasing an additional 50 shares in the last quarter. Secure Asset Management LLC increased its holdings in Boeing by 2.9% during the 4th quarter. Secure Asset Management LLC now owns 1,792 shares of the aircraft producer’s stock valued at $341,000 after purchasing an additional 50 shares during the period. Ervin Investment Management LLC lifted its holdings in Boeing by 1.5% in the fourth quarter. Ervin Investment Management LLC now owns 3,305 shares of the aircraft producer’s stock worth $630,000 after buying an additional 50 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in Boeing by 0.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 5,596 shares of the aircraft producer’s stock worth $1,066,000 after acquiring an additional 52 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors raised its stake in Boeing by 0.6% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 9,006 shares of the aircraft producer’s stock valued at $1,716,000 after buying an additional 55 shares during the last quarter. 57.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Boeing news, EVP Howard E. Mckenzie sold 412 shares of Boeing stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $204.36, for a total transaction of $84,196.32. Following the completion of the transaction, the executive vice president now owns 17,181 shares of the company’s stock, valued at approximately $3,511,109.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

Boeing Trading Up 1.6 %

Shares of Boeing stock traded up $3.20 during midday trading on Friday, hitting $204.07. 988,485 shares of the company traded hands, compared to its average volume of 5,804,386. The Boeing Company has a 12 month low of $113.02 and a 12 month high of $221.33. The firm’s fifty day moving average price is $204.96 and its 200-day moving average price is $199.40.

Boeing (NYSE:BA – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The aircraft producer reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($0.29). The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.56 billion. During the same quarter in the prior year, the company earned ($2.75) EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wells Fargo & Company increased their target price on Boeing from $230.00 to $237.00 in a research note on Thursday, April 27th. Jefferies Financial Group lifted their price objective on Boeing from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 30th. Citigroup raised their price objective on Boeing from $222.00 to $248.00 and gave the company a “buy” rating in a report on Friday, January 27th. 888 restated a “maintains” rating on shares of Boeing in a report on Thursday, April 27th. Finally, StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $221.60.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.