Bridgewater Advisors Inc. Buys New Shares in The Boeing Company (NYSE:BA)

Bridgewater Advisors Inc. purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,927 shares of the aircraft producer's stock, valued at approximately $1,261,000.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of Boeing by 25.2% in the 1st quarter. Larson Financial Group LLC now owns 20,785 shares of the aircraft producer's stock valued at $3,545,000 after purchasing an additional 4,188 shares during the period. Winslow Asset Management Inc. increased its holdings in Boeing by 2.5% in the first quarter. Winslow Asset Management Inc. now owns 41,795 shares of the aircraft producer's stock valued at $7,128,000 after buying an additional 1,034 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Boeing by 11.6% in the first quarter. Wealthfront Advisers LLC now owns 51,118 shares of the aircraft producer's stock valued at $8,718,000 after buying an additional 5,309 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC raised its position in shares of Boeing by 13.9% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 4,026 shares of the aircraft producer's stock worth $687,000 after acquiring an additional 492 shares during the period. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of Boeing during the 1st quarter worth about $106,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on BA. Bank of America raised Boeing from a "neutral" rating to a "buy" rating and upped their price target for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Benchmark decreased their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Cowen reissued a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $219.95.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Down 0.1%

Shares of BA traded down $0.17 during midday trading on Wednesday, reaching $229.83. The company had a trading volume of 7,462,610 shares, compared to its average volume of 9,563,295. The firm has a 50 day simple moving average of $208.78 and a 200-day simple moving average of $183.99. The stock has a market cap of $173.29 billion, a PE ratio of -12.83 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $233.61.

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 (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.13) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.