IFC Advisors LLC Makes New Investment in The Boeing Company (NYSE:BA)

IFC Advisors LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,318 shares of the aircraft producer's stock, valued at approximately $225,000.

Other large investors have also recently bought and sold shares of the company. American National Bank & Trust raised its position in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC raised its position in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC increased its position in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Solstein Capital LLC acquired a new position in Boeing in the 4th quarter worth about $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing in the 4th quarter worth about $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was 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 owned 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of the 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 sale, 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. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 in the last 90 days. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BA. Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research report on Monday. Finally, JPMorgan Chase & Co. upped their target price on Boeing from $200.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $219.95.

Boeing Trading Down 0.1%

NYSE:BA traded down $0.17 during mid-day trading on Wednesday, hitting $229.83. 7,462,610 shares of the company's stock traded hands, compared to its average volume of 9,559,196. The firm has a 50 day moving average of $207.90 and a two-hundred day moving average of $183.67. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $233.61. The firm has a market capitalization of $173.29 billion, a price-to-earnings ratio of -12.83 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results 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 business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the company earned ($1.13) EPS. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current 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.