Moloney Securities Asset Management LLC Boosts Stock Position in The Boeing Company (NYSE:BA)

Moloney Securities Asset Management LLC boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 48.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,642 shares of the aircraft producer's stock after buying an additional 2,479 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Boeing were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC boosted its position in shares of Boeing by 14.3% during the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after acquiring an additional 55 shares during the last quarter. Byrne Financial Freedom LLC lifted its position in Boeing by 3.0% in the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock valued at $340,000 after buying an additional 58 shares during the last quarter. Trek Financial LLC lifted its position in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after buying an additional 60 shares during the last quarter. Colonial Trust Co SC lifted its position in Boeing by 6.1% in the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock valued at $184,000 after buying an additional 60 shares during the last quarter. Finally, Mattern Wealth Management LLC lifted its position in Boeing by 4.9% in the first quarter. Mattern Wealth Management LLC now owns 1,311 shares of the aircraft producer's stock valued at $224,000 after buying an additional 61 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BA shares. UBS Group increased their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Finally, Jefferies Financial Group increased their price target 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 given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $216.32.

Boeing Stock Performance

Boeing stock traded up $0.59 during midday trading on Friday, reaching $226.68. 6,527,919 shares of the company were exchanged, compared to its average volume of 9,537,229. The company has a market capitalization of $170.92 billion, a price-to-earnings ratio of -12.65 and a beta of 1.41. The firm's 50-day simple moving average is $206.14 and its 200-day simple moving average is $182.96. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $230.20.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.13) EPS. On average, analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated 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 owned 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The shares were 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 directly owned 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. 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 owned by company insiders.

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.