The Boeing Company (NYSE:BA) Shares Bought by AMG National Trust Bank

AMG National Trust Bank raised its stake 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,797 shares of the aircraft producer's stock after buying an additional 5,136 shares during the quarter. AMG National Trust Bank's holdings in Boeing were worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust lifted its position in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC lifted its position in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Solstein Capital LLC purchased a new position in shares of Boeing during the fourth quarter valued at $33,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the fourth quarter valued at $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction 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 $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $132,019.20. Following the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 insiders.

Boeing Stock Up 1.3%

Shares of Boeing stock traded up $2.97 on Wednesday, reaching $231.45. The company's stock had a trading volume of 1,542,164 shares, compared to its average volume of 8,554,674. The company has a market capitalization of $174.52 billion, a P/E ratio of -12.92 and a beta of 1.41. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $233.61. The stock has a 50-day moving average price of $210.26 and a 200-day moving average price of $184.87.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the company posted ($1.13) earnings per share. The firm's revenue for the quarter 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.

Wall Street Analysts Forecast Growth

BA has been the topic of several analyst reports. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and lifted their target price for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on Boeing from $200.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Citigroup raised their price target on Boeing from $220.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $221.55.

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.