Amalgamated Bank Purchases 4,564 Shares of The Boeing Company (NYSE:BA)

Amalgamated Bank raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,460 shares of the aircraft producer's stock after buying an additional 4,564 shares during the quarter. Amalgamated Bank's holdings in Boeing were worth $25,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. American National Bank & Trust lifted its stake in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC grew its holdings in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Solstein Capital LLC purchased a new position in shares of Boeing in the fourth quarter valued at about $33,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Boeing during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Price Performance

BA stock traded down $4.78 during trading on Monday, hitting $209.77. 9,068,898 shares of the stock traded hands, compared to its average volume of 9,470,558. The stock has a market cap of $158.17 billion, a price-to-earnings ratio of -11.71 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. The firm's 50 day moving average is $197.85 and its two-hundred day moving average is $180.07.

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 firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the prior year, the company posted ($1.13) EPS. The company's quarterly revenue was up 17.7% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on BA. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Benchmark cut their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and upped their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.77.

Insider Buying and Selling at Boeing

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 value of $132,019.20. Following the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 sale, the executive vice president directly owned 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% 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 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.