Greenleaf Trust Increases Holdings in The Boeing Company (NYSE:BA)

Greenleaf Trust increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 29.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,333 shares of the aircraft producer's stock after buying an additional 2,323 shares during the quarter. Greenleaf Trust's holdings in Boeing were worth $1,762,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust grew its holdings in shares of Boeing by 474.1% in the first 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 in the last quarter. REAP Financial Group LLC grew its holdings in shares of Boeing by 60.2% in the fourth 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 in the last quarter. Dogwood Wealth Management LLC grew its holdings in shares of Boeing by 167.2% in the fourth 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 in the last quarter. Solstein Capital LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction 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. This represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following 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. In the last quarter, insiders sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BA shares. Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. TD Securities lowered Boeing to a "cautious" rating in a report on Thursday, May 22nd. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Morgan Stanley set a $200.00 price objective on Boeing and gave the company an "equal weight" rating in a report on Thursday, June 12th. Finally, Jefferies Financial Group increased their price objective on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $216.32.

Boeing Stock Performance

Shares of BA stock traded down $0.52 during mid-day trading on Thursday, reaching $226.08. 6,086,081 shares of the company's stock traded hands, compared to its average volume of 9,506,299. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $230.20. The firm has a 50 day moving average price of $204.45 and a two-hundred day moving average price of $182.30. The firm has a market capitalization of $170.47 billion, a PE ratio of -12.62 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued 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 firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.13) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share 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.