Absher Wealth Management LLC Buys 4,195 Shares of The Boeing Company (NYSE:BA)

Absher Wealth Management LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 4.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,747 shares of the aircraft producer's stock after buying an additional 4,195 shares during the period. Boeing accounts for 2.2% of Absher Wealth Management LLC's portfolio, making the stock its 27th biggest holding. Absher Wealth Management LLC's holdings in Boeing were worth $16,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First American Bank raised its stake in shares of Boeing by 15.7% in the 1st quarter. First American Bank now owns 51,038 shares of the aircraft producer's stock worth $8,705,000 after buying an additional 6,911 shares in the last quarter. Norway Savings Bank raised its position in Boeing by 4.0% in the first quarter. Norway Savings Bank now owns 8,799 shares of the aircraft producer's stock worth $1,501,000 after acquiring an additional 340 shares in the last quarter. Worth Financial Advisory Group LLC bought a new stake in Boeing in the first quarter worth about $247,000. PFG Investments LLC lifted its holdings in Boeing by 0.5% in the 1st quarter. PFG Investments LLC now owns 21,354 shares of the aircraft producer's stock valued at $3,642,000 after acquiring an additional 103 shares during the last quarter. Finally, Advisor Resource Council bought a new position in shares of Boeing during the 1st quarter valued at about $578,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Morgan Stanley set a $200.00 target price on Boeing and gave the stock an "equal weight" rating in a research report on Thursday, June 12th. Finally, TD Securities lowered Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.85.

Insider Activity

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was 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 now owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 in the last ninety days. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of NYSE BA traded down $1.85 during mid-day trading on Wednesday, reaching $199.09. The company had a trading volume of 4,681,358 shares, compared to its average volume of 9,429,940. The company has a market capitalization of $150.12 billion, a price-to-earnings ratio of -11.11 and a beta of 1.43. The stock has a fifty day moving average of $195.13 and a two-hundred day moving average of $179.09. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the company posted ($1.13) EPS. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.