Banque Cantonale Vaudoise Acquires Shares of 4,000 The Boeing Company (NYSE:BA)

Key Points

• Banque Cantonale Vaudoise invested $682,000 in Boeing by purchasing 4,000 shares, indicating a continued interest from institutional investors in the company.
• Boeing's stock price saw an increase to $221.94 despite recent insider sales from executives, including an SVP who sold 640 shares for over $132,000.
• Analysts have mixed outlooks on Boeing, with price targets ranging from $180 to $275, reflecting a consensus rating of "Moderate Buy" but also several sell ratings.

Banque Cantonale Vaudoise purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,000 shares of the aircraft producer's stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Boeing in the 4th quarter worth $568,000. Alyeska Investment Group L.P. acquired a new position in Boeing in the 4th quarter worth $526,889,000. Zimmer Partners LP bought a new stake in shares of Boeing in the 4th quarter worth about $393,736,000. Northern Trust Corp increased its position in shares of Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Finally, Sculptor Capital LP bought a new stake in shares of Boeing in the 4th quarter worth about $265,500,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling

In other news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president owned 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Trading Up 0.0%

BA stock traded up $0.10 on Friday, hitting $221.94. 8,556,620 shares of the company's stock traded hands, compared to its average volume of 7,665,790. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market cap of $167.82 billion, a price-to-earnings ratio of -13.44 and a beta of 1.48. The stock has a fifty day moving average of $215.23 and a 200-day moving average of $188.67.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period in the previous year, the company posted ($2.90) earnings per share. Boeing's revenue was up 34.9% on a year-over-year basis. On average, equities research analysts anticipate 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 subject of several research analyst reports. Susquehanna boosted their target price on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research report on Wednesday. Jefferies Financial Group boosted their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America boosted their price objective on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. UBS Group set a $280.00 price objective on shares of Boeing and gave the company a "buy" rating in a research report on Wednesday. Finally, Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.90.

About Boeing

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.