The Boeing Company (NYSE:BA) Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Boeing by 0.5%, owning a total of 4,198,059 shares valued at approximately $715.98 million as of the latest SEC filing.
• Boeing reported a quarterly EPS of ($1.24), missing estimates, but had a revenue of $22.75 billion, exceeding expectations by nearly $2.6 billion.
• Analysts have generally rated Boeing stock positively, with a consensus rating of "Moderate Buy" and an average target price of approximately $228.90.

Charles Schwab Investment Management Inc. raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,198,059 shares of the aircraft producer's stock after acquiring an additional 19,615 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.56% of Boeing worth $715,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Vestcor Inc grew its position in shares of Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer's stock valued at $2,471,000 after purchasing an additional 1,195 shares in the last quarter. KKM Financial LLC grew its position in shares of Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares in the last quarter. Wynn Capital LLC purchased a new position in shares of Boeing during the first quarter valued at about $584,000. Advanced Portfolio Management LLC grew its position in shares of Boeing by 182.2% during the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Zimmer Partners LP purchased a new position in shares of Boeing during the fourth quarter valued at about $393,736,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Rothschild & Co Redburn upgraded 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. Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Finally, Susquehanna lifted their price target on Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

Insider Buying and Selling

In related 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 value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 stock was 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 of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Boeing Trading Up 0.8%

Shares of Boeing stock traded up $1.75 on Friday, hitting $229.08. 4,716,407 shares of the company traded hands, compared to its average volume of 7,343,935. The stock's 50 day moving average price is $217.39 and its 200-day moving average price is $190.57. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company has a market cap of $173.22 billion, a PE ratio of -13.88 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. During the same period in the previous year, the company earned ($2.90) earnings per share. The business's quarterly revenue was up 34.9% on a year-over-year basis. As a group, research analysts anticipate 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.