Larson Financial Group LLC Boosts Holdings in The Boeing Company (NYSE:BA)

Larson Financial Group LLC raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 25.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,785 shares of the aircraft producer's stock after purchasing an additional 4,188 shares during the period. Larson Financial Group LLC's holdings in Boeing were worth $3,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG bought a new stake in shares of Boeing during the fourth quarter valued at approximately $7,837,000. Proficio Capital Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $293,000. Frank Rimerman Advisors LLC increased its position in shares of Boeing by 6.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,105 shares of the aircraft producer's stock valued at $550,000 after acquiring an additional 199 shares in the last quarter. Finally, Choate Investment Advisors increased its position in shares of Boeing by 3.7% during the fourth quarter. Choate Investment Advisors now owns 9,507 shares of the aircraft producer's stock valued at $1,683,000 after acquiring an additional 335 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Insider Activity

In other 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 value of $650,198.35. Following the completion of the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred 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 directly owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

Shares of Boeing stock traded down $0.54 during trading hours on Tuesday, hitting $229.97. The company had a trading volume of 9,146,444 shares, compared to its average volume of 9,567,583. The company's 50-day moving average is $207.02 and its two-hundred day moving average is $183.35. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $233.58. The company has a market cap of $173.40 billion, a P/E ratio of -12.83 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

BA has been the subject of several analyst reports. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and raised their price target for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Benchmark cut their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Morgan Stanley set a $200.00 target price on shares of Boeing and gave the stock an "equal weight" 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. Finally, Jefferies Financial Group lifted their target price 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.59.

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.