The Boeing Company (NYSE:BA) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its stake in shares of The Boeing Company (NYSE:BA) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,660 shares of the aircraft producer’s stock after acquiring an additional 14,765 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Boeing were worth $43,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Donaldson Capital Management LLC increased its stake in shares of Boeing by 3.2% during the first quarter. Donaldson Capital Management LLC now owns 1,539 shares of the aircraft producer’s stock worth $327,000 after purchasing an additional 48 shares during the period. Avalon Investment & Advisory increased its stake in Boeing by 2.7% during the 4th quarter. Avalon Investment & Advisory now owns 1,884 shares of the aircraft producer’s stock worth $359,000 after acquiring an additional 49 shares during the period. Waverly Advisors LLC increased its stake in Boeing by 0.6% during the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after acquiring an additional 49 shares during the period. Silverlake Wealth Management LLC increased its stake in Boeing by 0.9% during the 1st quarter. Silverlake Wealth Management LLC now owns 5,773 shares of the aircraft producer’s stock worth $1,226,000 after acquiring an additional 50 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. increased its stake in Boeing by 3.4% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 1,508 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 50 shares during the period. 61.33% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of NYSE BA traded down $1.68 during midday trading on Tuesday, reaching $203.44. The company’s stock had a trading volume of 2,097,146 shares, compared to its average volume of 5,620,761. The Boeing Company has a 12-month low of $120.99 and a 12-month high of $243.10. The firm has a 50 day moving average price of $223.54 and a 200-day moving average price of $213.09.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported ($0.82) EPS for the quarter, beating the consensus estimate of ($0.99) by $0.17. The firm had revenue of $19.75 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the previous year, the company posted ($0.37) EPS. Boeing’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities analysts anticipate that The Boeing Company will post -2.83 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, Director Steven M. Mollenkopf purchased 850 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $237.00 per share, with a total value of $201,450.00. Following the completion of the acquisition, the director now owns 3,767 shares in the company, valued at approximately $892,779. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Theodore Colbert III sold 8,500 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $238.37, for a total value of $2,026,145.00. Following the transaction, the chief executive officer now owns 59,255 shares of the company’s stock, valued at $14,124,614.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven M. Mollenkopf bought 850 shares of Boeing stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $237.00 per share, for a total transaction of $201,450.00. Following the purchase, the director now owns 3,767 shares of the company’s stock, valued at $892,779. The disclosure for this purchase can be found here. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BA shares. TD Cowen raised their target price on Boeing from $255.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, August 28th. SpectralCast reaffirmed a “reiterates” rating on shares of Boeing in a report on Wednesday, June 21st. Wells Fargo & Company raised their price objective on Boeing from $250.00 to $270.00 in a report on Tuesday, August 8th. TheStreet raised Boeing from a “d+” rating to a “c-” rating in a report on Tuesday, August 15th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.13.

Boeing 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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.