General Pension Society PZU Joint Stock Co Invests $19.19 Million in The Boeing Company (NYSE:BA)

General Pension Society PZU Joint Stock Co purchased a new position in The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 112,500 shares of the aircraft producer's stock, valued at approximately $19,187,000. Boeing makes up 6.4% of General Pension Society PZU Joint Stock Co's holdings, making the stock its 8th biggest position.

Several other institutional investors have also recently made changes to their positions in BA. Keynote Financial Services LLC raised its stake in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after acquiring an additional 57 shares in the last quarter. Chaney Capital Management Inc. increased its stake in shares of Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after purchasing an additional 59 shares in the last quarter. Center for Financial Planning Inc. boosted its stake in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after acquiring an additional 60 shares in the last quarter. Finally, Trek Financial LLC raised its position in shares of Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after purchasing an additional 60 shares during the period. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BA shares. Melius Research set a $204.00 target price on Boeing in a research report on Monday, March 24th. Jefferies Financial Group upped their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Finally, TD Securities downgraded shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.85.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

BA traded down $0.35 on Wednesday, reaching $213.08. The company had a trading volume of 3,680,387 shares, compared to its average volume of 9,204,415. The company has a market cap of $160.66 billion, a price-to-earnings ratio of -11.63 and a beta of 1.41. The business has a 50 day simple moving average of $180.18 and a 200 day simple moving average of $173.47. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $215.80.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the firm posted ($1.13) EPS. The company's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

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.