Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in The Boeing Company (NYSE:BA - Free Report) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,512 shares of the aircraft producer's stock after purchasing an additional 2,390 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Boeing were worth $2,304,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in Boeing during the fourth quarter worth $201,000. Bank Pictet & Cie Europe AG bought a new position in Boeing during the fourth quarter worth $7,837,000. Schroder Investment Management Group boosted its stake in Boeing by 3.0% during the fourth quarter. Schroder Investment Management Group now owns 63,105 shares of the aircraft producer's stock worth $11,141,000 after acquiring an additional 1,853 shares in the last quarter. Huntington National Bank boosted its stake in Boeing by 1.1% during the fourth quarter. Huntington National Bank now owns 37,670 shares of the aircraft producer's stock worth $6,668,000 after acquiring an additional 400 shares in the last quarter. Finally, OneAscent Financial Services LLC boosted its stake in Boeing by 167.0% during the fourth quarter. OneAscent Financial Services LLC now owns 4,947 shares of the aircraft producer's stock worth $876,000 after acquiring an additional 3,094 shares in the last quarter. 64.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
BA has been the topic of several research analyst reports. Bank of America increased their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.
Check Out Our Latest Analysis on BA
Boeing Trading Up 0.0%
Shares of BA stock traded up $0.10 during trading hours on Friday, reaching $221.94. The stock had a trading volume of 8,556,620 shares, compared to its average volume of 7,665,790. The stock's fifty day simple moving average is $215.23 and its 200 day simple moving average is $188.67. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market capitalization of $167.82 billion, a PE ratio of -13.44 and a beta of 1.48.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the prior year, the business earned ($2.90) EPS. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.
Insider Buying and Selling
In other news, SVP Brendan J. Nelson sold 640 shares of the firm'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 directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents 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 firm'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 completion of the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.
About Boeing
(
Free Report)
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.
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