1,457 Shares in The Boeing Company (NYSE:BA) Purchased by Mechanics Bank Trust Department

Mechanics Bank Trust Department bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,457 shares of the aircraft producer's stock, valued at approximately $248,000.

Several other large investors also recently added to or reduced their stakes in BA. Revolve Wealth Partners LLC purchased a new position in shares of Boeing in the fourth quarter worth $201,000. Robeco Institutional Asset Management B.V. grew its holdings in Boeing by 37.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,927 shares of the aircraft producer's stock worth $1,226,000 after acquiring an additional 1,905 shares in the last quarter. Crews Bank & Trust bought a new stake in shares of Boeing in the 4th quarter valued at about $55,000. Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter worth approximately $33,000. Finally, N.E.W. Advisory Services LLC lifted its stake in Boeing by 13.2% during the 4th quarter. N.E.W. Advisory Services LLC now owns 1,591 shares of the aircraft producer's stock valued at $282,000 after acquiring an additional 185 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company's 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 transaction, the executive vice president now directly owns 42,513 shares of the company's stock, 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 SEC, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and upped their target price for the stock from $185.00 to $260.00 in a report on Monday. Susquehanna reissued 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. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Finally, Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.85.

Boeing Trading Down 1.3%

Shares of NYSE:BA traded down $2.79 during midday trading on Thursday, hitting $209.19. 4,730,251 shares of the stock were exchanged, compared to its average volume of 9,215,447. The stock has a market cap of $157.73 billion, a P/E ratio of -11.42 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $215.80. The company has a 50 day moving average price of $181.73 and a 200-day moving average price of $174.19.

Boeing (NYSE:BA - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the business posted ($1.13) earnings per share. Boeing's revenue was up 17.7% on a year-over-year basis. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

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.