AMG National Trust Bank Acquires 5,136 Shares of The Boeing Company (NYSE:BA)

AMG National Trust Bank boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 67.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 12,797 shares of the aircraft producer's stock after acquiring an additional 5,136 shares during the quarter. AMG National Trust Bank's holdings in Boeing were worth $2,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC boosted its holdings in shares of Boeing by 14.3% in the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after buying an additional 55 shares during the last quarter. Byrne Financial Freedom LLC boosted its stake in Boeing by 3.0% in the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after buying an additional 58 shares in the last quarter. Trek Financial LLC boosted its stake in shares of Boeing by 2.7% during 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. Colonial Trust Co SC raised its holdings in Boeing by 6.1% in the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after purchasing an additional 60 shares in the last quarter. Finally, Mattern Wealth Management LLC increased its holdings in shares of Boeing by 4.9% during the first quarter. Mattern Wealth Management LLC now owns 1,311 shares of the aircraft producer's stock valued at $224,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's 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 completion of the transaction, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company's 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 completion of the sale, the senior vice president directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last quarter. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BA shares. JPMorgan Chase & Co. increased their price target on Boeing from $200.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from $180.00 to $275.00 in a research report on Friday, June 27th. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective on the stock in a report on Friday, June 27th. Finally, UBS Group raised their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average price target of $221.55.

Boeing Stock Down 0.3%

NYSE BA traded down $0.76 on Tuesday, reaching $228.57. 3,171,614 shares of the stock traded hands, compared to its average volume of 9,550,880. The company has a market cap of $172.34 billion, a price-to-earnings ratio of -12.75 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $233.61. The firm's fifty day simple moving average is $210.26 and its 200 day simple moving average is $184.87.

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 analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm posted ($1.13) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS 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.