Kelman Lazarov Inc. bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,534 shares of the aircraft producer's stock, valued at approximately $262,000.
A number of other hedge funds also recently modified their holdings of the company. American National Bank & Trust increased its stake in shares of Boeing by 474.1% in the 1st 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 increased its stake in shares of Boeing by 60.2% in the 4th 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 stake in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 112 shares during the period. Solstein Capital LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $33,000. Institutional investors own 64.82% of the company's stock.
Boeing Stock Up 0.7%
Shares of Boeing stock traded up $1.60 on Monday, hitting $234.66. The stock had a trading volume of 3,793,599 shares, compared to its average volume of 8,516,389. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $235.65. The business's 50 day moving average is $213.01 and its two-hundred day moving average is $186.96. The stock has a market cap of $176.93 billion, a price-to-earnings ratio of -13.10 and a beta of 1.41.
Insider Buying and Selling
In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The stock was 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 $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 over the last 90 days. 0.09% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on Boeing from $200.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. TD Securities lowered Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Finally, Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price on the stock in a report on Friday, June 27th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $221.55.
Check Out Our Latest Report on BA
Boeing Company Profile
(
Free Report)
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.
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