Clifford Swan Investment Counsel LLC Acquires 1,443 Shares of The Boeing Company (NYSE:BA)

Clifford Swan Investment Counsel LLC raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,952 shares of the aircraft producer's stock after acquiring an additional 1,443 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in Boeing were worth $8,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wood Tarver Financial Group LLC increased its position in shares of Boeing by 14.3% in the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after purchasing an additional 55 shares during the last quarter. Byrne Financial Freedom LLC raised its position in shares of Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after buying an additional 58 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Boeing by 0.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock worth $3,578,000 after purchasing an additional 58 shares in the last quarter. Trek Financial LLC raised its holdings in shares of Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after acquiring an additional 60 shares during the period. Finally, Colonial Trust Co SC grew its position in Boeing by 6.1% during the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock valued at $184,000 after purchasing an additional 60 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BA shares. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Morgan Stanley lifted their price objective on Boeing from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. TD Securities cut Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $221.55.

Insider Buying and Selling

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president directly owned 42,513 shares of the company's stock, 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. Over the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Boeing Stock Down 0.5%

NYSE:BA traded down $1.27 during trading hours on Thursday, reaching $232.61. 2,178,124 shares of the company's stock were exchanged, compared to its average volume of 8,551,364. The firm has a market capitalization of $175.39 billion, a price-to-earnings ratio of -13.07 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $235.27. The company has a 50-day moving average of $211.97 and a 200 day moving average of $185.92.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the prior year, the business earned ($1.13) EPS. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts forecast 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.