Checchi Capital Advisers LLC Buys 1,057 Shares of The Boeing Company (NYSE:BA)

Checchi Capital Advisers LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 18.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,884 shares of the aircraft producer’s stock after purchasing an additional 1,057 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Boeing were worth $1,218,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Diversify Advisory Services LLC grew its position in Boeing by 1.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock valued at $1,026,000 after acquiring an additional 110 shares during the last quarter. Valmark Advisers Inc. grew its position in Boeing by 4.9% in the 3rd quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock valued at $477,000 after acquiring an additional 147 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its position in Boeing by 9.3% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 5,855 shares of the aircraft producer’s stock valued at $890,000 after acquiring an additional 500 shares during the last quarter. Mutual Advisors LLC grew its position in Boeing by 125.5% in the 3rd quarter. Mutual Advisors LLC now owns 25,581 shares of the aircraft producer’s stock valued at $3,970,000 after acquiring an additional 14,239 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Boeing in the 3rd quarter worth $458,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 2.9 %

Shares of NYSE:BA opened at $173.02 on Thursday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The stock has a market cap of $129.77 billion, a price-to-earnings ratio of -9.44 and a beta of 1.52. The business has a 50-day moving average price of $176.99 and a 200-day moving average price of $164.61.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm posted ($0.47) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BA shares. Citigroup raised their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.