Hoey Investments Inc. Purchases 1,782 Shares of The Boeing Company (NYSE:BA)

Hoey Investments Inc. increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 116.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,312 shares of the aircraft producer's stock after buying an additional 1,782 shares during the quarter. Hoey Investments Inc.'s holdings in Boeing were worth $565,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC increased its stake in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the period. Northern Trust Corp raised its position in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after buying an additional 1,634,231 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after acquiring an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Boeing by 30.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after acquiring an additional 981,796 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.7%

NYSE:BA traded up $1.44 on Monday, hitting $201.76. 4,866,884 shares of the company's stock traded hands, compared to its average volume of 8,812,379. The company has a market cap of $152.13 billion, a PE ratio of -11.01 and a beta of 1.43. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The firm has a 50-day moving average price of $188.93 and a 200-day moving average price of $177.11.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the company posted ($1.13) EPS. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on BA. Jefferies Financial Group upped their target price on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Susquehanna restated a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the company an "equal weight" rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

Insider Buying and Selling

In other news, SVP Brendan J. Nelson sold 640 shares of the firm'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 transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. Corporate insiders own 0.09% of the company's stock.

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.