Waverly Advisors LLC Buys 3,160 Shares of The Boeing Company (NYSE:BA)

Waverly Advisors LLC increased its stake in The Boeing Company (NYSE:BA) by 37.2% in the first quarter, Holdings Channel reports. The institutional investor owned 11,649 shares of the aircraft producer’s stock after acquiring an additional 3,160 shares during the period. Waverly Advisors LLC’s holdings in Boeing were worth $2,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Research Global Investors grew its position in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $960,397,000. Wellington Management Group LLP increased its stake in Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Citigroup dropped their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. UBS Group lowered their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Wednesday, April 17th. Finally, StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Trading Up 1.2 %

Shares of Boeing stock opened at $189.14 on Wednesday. The business’s 50 day moving average price is $181.76 and its 200 day moving average price is $187.75. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

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.