1,545 Shares in The Boeing Company (NYSE:BA) Purchased by Interchange Capital Partners LLC

Interchange Capital Partners LLC bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,545 shares of the aircraft producer's stock, valued at approximately $264,000.

Other large investors have also modified their holdings of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG bought a new stake in Boeing during the 4th quarter valued at $7,837,000. Assetmark Inc. lifted its holdings in shares of Boeing by 92.4% in the 4th quarter. Assetmark Inc. now owns 2,034 shares of the aircraft producer's stock worth $360,000 after buying an additional 977 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Boeing during the 4th quarter worth $293,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Boeing by 32.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 177,115 shares of the aircraft producer's stock worth $31,349,000 after buying an additional 43,426 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA stock opened at $218.42 on Tuesday. The business has a fifty day moving average of $202.86 and a 200 day moving average of $181.73. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $219.27. The firm has a market capitalization of $164.69 billion, a price-to-earnings ratio of -12.19 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period last year, the business earned ($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 expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

BA has been the subject of a number of research reports. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and increased their price objective for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. Finally, Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $180.00 to $275.00 in a research report on Friday, June 27th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $215.77.

Boeing Company 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.

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