Davidson Investment Advisors Has $14.92 Million Stake in The Boeing Company (NYSE:BA)

Davidson Investment Advisors raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,487 shares of the aircraft producer's stock after purchasing an additional 1,230 shares during the period. Davidson Investment Advisors' holdings in Boeing were worth $14,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BA. Amundi boosted its stake in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. KKM Financial LLC raised its holdings in Boeing by 50.8% during the 4th 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 period. Wynn Capital LLC acquired a new stake in Boeing during the 1st quarter worth approximately $584,000. Grant Private Wealth Management Inc acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $903,000. Finally, Advanced Portfolio Management LLC raised its holdings in shares of Boeing by 182.2% in 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 during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 1.2%

Shares of Boeing stock traded up $2.50 during trading on Monday, reaching $218.42. The company's stock had a trading volume of 5,799,998 shares, compared to its average volume of 9,482,294. The business's 50-day moving average price is $202.13 and its 200-day moving average price is $181.45. The firm has a market cap of $164.69 billion, a PE ratio of -12.19 and a beta of 1.41. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80.

Boeing (NYSE:BA - Get Free Report) last announced its 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 business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The company's revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.13) EPS. Equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. TD Securities downgraded shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Jefferies Financial Group lifted their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the company an "equal weight" rating in a report on Thursday, June 12th. Finally, Cowen restated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $215.77.

Insider Activity at Boeing

In related news, 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 completion of the transaction, the executive vice president owned 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of the business's 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 directly owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 over the last quarter. 0.09% of the stock is owned by corporate insiders.

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.