Nisa Investment Advisors LLC Boosts Stake in The Boeing Company (NYSE:BA)

Nisa Investment Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,240 shares of the aircraft producer's stock after buying an additional 9,783 shares during the period. Nisa Investment Advisors LLC's holdings in Boeing were worth $29,717,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. KKM Financial LLC grew its holdings in shares of Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after buying an additional 5,175 shares during the last quarter. Wynn Capital LLC bought a new position in shares of Boeing in the 1st quarter worth $584,000. Grant Private Wealth Management Inc bought a new position in shares of Boeing in the 4th quarter worth $903,000. Advanced Portfolio Management LLC boosted its position in Boeing by 182.2% during the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after buying an additional 9,684 shares during the period. Finally, Zimmer Partners LP bought a new position in Boeing in the 4th quarter worth $393,736,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of NYSE:BA traded up $0.59 during midday trading on Friday, reaching $226.68. 6,527,919 shares of the company's stock traded hands, compared to its average volume of 9,554,931. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $230.20. The company has a market cap of $170.92 billion, a P/E ratio of -12.65 and a beta of 1.41. The company has a fifty day simple moving average of $206.14 and a two-hundred day simple moving average of $183.00.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. The firm's revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business earned ($1.13) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business'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 sale, the executive vice president owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% 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 three months. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. UBS Group upped their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Finally, Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $216.32.

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.