Advisor Resource Council bought a new position 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 3,392 shares of the aircraft producer's stock, valued at approximately $578,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Citizens & Northern Corp lifted its stake in Boeing by 7.2% in the first quarter. Citizens & Northern Corp now owns 6,600 shares of the aircraft producer's stock valued at $1,126,000 after buying an additional 446 shares during the last quarter. Proathlete Wealth Management LLC purchased a new stake in Boeing in the first quarter valued at approximately $34,000. Abundance Wealth Counselors purchased a new stake in Boeing in the first quarter valued at approximately $237,000. ORG Partners LLC lifted its stake in Boeing by 119.9% in the first quarter. ORG Partners LLC now owns 895 shares of the aircraft producer's stock valued at $152,000 after buying an additional 488 shares during the last quarter. Finally, ERn Financial LLC lifted its stake in Boeing by 25.4% in the first quarter. ERn Financial LLC now owns 1,453 shares of the aircraft producer's stock valued at $248,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.
Boeing Price Performance
BA traded up $2.63 during trading on Monday, reaching $201.38. 5,849,156 shares of the stock were exchanged, compared to its average volume of 9,447,218. The business's 50 day moving average price is $194.23 and its two-hundred day moving average price is $178.93. The company has a market capitalization of $151.84 billion, a price-to-earnings ratio of -11.24 and a beta of 1.43. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80.
Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. TD Securities lowered Boeing to a "cautious" rating in a report on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average target price of $209.85.
Read Our Latest Stock Report on Boeing
Insiders Place Their Bets
In related news, 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 transaction of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by corporate insiders.
About Boeing
(
Free Report)
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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