The Boeing Company (NYSE:BA) Shares Purchased by Heritage Trust Co

Key Points

• Heritage Trust Co increased its position in Boeing stock by 25.8% in Q1, owning 9,182 shares valued at approximately $1.57 million.
• Analysts have varied price targets for Boeing, with Susquehanna raising its target to $270.00, while Benchmark lowered it to $215.00, highlighting mixed investor sentiment.
• Boeing reported a 34.9% increase in revenue year-over-year for the last quarter, despite missing earnings expectations with a per share loss of ($1.24).

Heritage Trust Co raised its stake in The Boeing Company (NYSE:BA - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,182 shares of the aircraft producer's stock after buying an additional 1,885 shares during the quarter. Heritage Trust Co's holdings in Boeing were worth $1,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BA. Castlekeep Investment Advisors LLC purchased a new stake in Boeing during the fourth quarter worth $568,000. Alyeska Investment Group L.P. acquired a new stake in shares of Boeing in the fourth quarter valued at about $526,889,000. Zimmer Partners LP acquired a new stake in shares of Boeing in the fourth quarter valued at about $393,736,000. Northern Trust Corp boosted its holdings in Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Finally, Sculptor Capital LP bought a new position in Boeing during the 4th quarter worth approximately $265,500,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the business'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 in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on 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 approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BA. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $250.00 target price on shares of Boeing in a research note on Wednesday, July 30th. KGI Securities upgraded Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research report on Friday, June 27th. Finally, The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $228.90.

Boeing Stock Up 0.4%

Shares of NYSE BA traded up $0.95 during trading on Tuesday, hitting $223.29. The company had a trading volume of 2,135,823 shares, compared to its average volume of 8,564,405. The stock has a fifty day simple moving average of $215.62 and a two-hundred day simple moving average of $189.33. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm has a market capitalization of $168.85 billion, a price-to-earnings ratio of -13.54 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The company's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.90) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.