The Boeing Company (NYSE:BA) Stock Position Raised by Merit Financial Group LLC

Merit Financial Group LLC lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,511 shares of the aircraft producer's stock after buying an additional 1,551 shares during the quarter. Merit Financial Group LLC's holdings in Boeing were worth $3,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Keynote Financial Services LLC lifted its holdings 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 during the period. Chaney Capital Management Inc. lifted its stake in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after acquiring an additional 59 shares during the period. Center for Financial Planning Inc. boosted its stake in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after purchasing an additional 60 shares during the period. Finally, Trek Financial LLC grew its holdings in Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BA shares. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and increased their target price for the stock from $185.00 to $260.00 in a report on Monday. UBS Group lifted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group boosted their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Susquehanna reissued a "positive" rating and issued a $240.00 target price (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.85.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction 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 now directly owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents 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 worth $1,511,370 over the last quarter. 0.09% of the stock is currently owned by company insiders.

Boeing Price Performance

Shares of NYSE BA traded up $2.01 during midday trading on Friday, reaching $211.03. 6,069,723 shares of the company traded hands, compared to its average volume of 9,202,902. The company has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.41. The stock has a 50-day moving average price of $181.73 and a 200 day moving average price of $174.19. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $215.80.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating 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. The firm's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.13) EPS. As a group, analysts expect that The Boeing Company will post -2.58 EPS 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.