The Boeing Company (NYSE:BA) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its position in shares of The Boeing Company (NYSE:BA - Free Report) by 128.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,513 shares of the aircraft producer's stock after acquiring an additional 1,977 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Boeing were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. KKM Financial LLC lifted its position in Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after buying an additional 5,175 shares during the last quarter. Wynn Capital LLC bought a new stake in Boeing in the first quarter worth $584,000. Grant Private Wealth Management Inc bought a new stake in Boeing in the fourth quarter worth $903,000. Advanced Portfolio Management LLC lifted its position in Boeing by 182.2% in the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock worth $2,655,000 after buying an additional 9,684 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in Boeing in the fourth quarter worth $393,736,000. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boeing

In other Boeing 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 transaction, the senior vice president owned 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president owned 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 over the last quarter. Insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BA shares. Citigroup raised their price target on Boeing from $220.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Cowen reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Finally, TD Securities lowered Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $221.55.

Boeing Stock Performance

BA traded up $1.09 on Monday, hitting $234.15. The company had a trading volume of 2,349,854 shares, compared to its average volume of 8,505,037. The stock has a fifty day moving average price of $213.01 and a 200-day moving average price of $186.96. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $235.65. The stock has a market capitalization of $176.55 billion, a price-to-earnings ratio of -13.06 and a beta of 1.41.

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.