International Assets Investment Management LLC Invests $38.02 Million in The Boeing Company (NYSE:BA)

International Assets Investment Management LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 222,944 shares of the aircraft producer's stock, valued at approximately $38,023,000. Boeing comprises 1.1% of International Assets Investment Management LLC's investment portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keynote Financial Services LLC raised its position in shares of Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after acquiring an additional 57 shares in the last quarter. Trek Financial LLC lifted its position in shares of Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after buying an additional 60 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Boeing by 6.1% during the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after buying an additional 60 shares during the last quarter. HBW Advisory Services LLC boosted its holdings in shares of Boeing by 4.3% in the 1st quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock valued at $266,000 after buying an additional 64 shares in the last quarter. Finally, REAP Financial Group LLC lifted its position in 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 during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 0.9%

NYSE:BA traded down $1.85 during trading hours on Wednesday, reaching $199.09. 4,681,358 shares of the company's stock were exchanged, compared to its average volume of 9,423,015. The company has a market capitalization of $150.12 billion, a P/E ratio of -11.11 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The business's 50-day simple moving average is $195.13 and its two-hundred day simple moving average is $179.09.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the previous year, the firm posted ($1.13) EPS. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. TD Securities lowered shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $209.85.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company'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 transaction, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock valued at $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.