First American Bank Has $8.71 Million Holdings in The Boeing Company (NYSE:BA)

First American Bank grew its position in The Boeing Company (NYSE:BA - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,038 shares of the aircraft producer's stock after purchasing an additional 6,911 shares during the period. First American Bank's holdings in Boeing were worth $8,705,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American National Bank & Trust increased its holdings in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. REAP Financial Group LLC increased its holdings in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Anfield Capital Management LLC increased its holdings in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Finally, Solstein Capital LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 0.4%

BA stock traded up $0.73 during midday trading on Friday, reaching $198.41. 8,925,908 shares of the company's stock traded hands, compared to its average volume of 9,461,563. The company has a 50-day simple moving average of $193.38 and a two-hundred day simple moving average of $178.60. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The company has a market cap of $149.60 billion, a price-to-earnings ratio of -11.07 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The business's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.13) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BA shares. TD Securities lowered Boeing to a "cautious" rating in a report on Thursday, May 22nd. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Bank of America raised Boeing from a "neutral" rating to a "buy" rating and raised their target price for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

Insiders Place Their Bets

In other news, 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 sale, the senior vice president now directly owns 13,258 shares in the company, 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 document filed 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 dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 7,744 shares of company stock worth $1,511,370. Corporate insiders own 0.09% of the company's stock.

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.