2,513 Shares in The Boeing Company (NYSE:BA) Bought by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,513 shares of the aircraft producer's stock, valued at approximately $429,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Revolve Wealth Partners LLC acquired a new position in Boeing during the 4th quarter worth $201,000. Bank Pictet & Cie Europe AG acquired a new position in Boeing during the 4th quarter worth $7,837,000. Proficio Capital Partners LLC acquired a new position in Boeing during the 4th quarter worth $293,000. CoreFirst Bank & Trust acquired a new position in Boeing during the 4th quarter worth $67,000. Finally, TIAA Trust National Association boosted its position in Boeing by 144.2% during the 4th quarter. TIAA Trust National Association now owns 119,959 shares of the aircraft producer's stock worth $21,233,000 after acquiring an additional 70,838 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president directly owned 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the firm'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 directly owned 13,258 shares of the company's stock, valued at $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 sold 7,744 shares of company stock valued at $1,511,370 in the last three months. Corporate insiders own 0.09% of the company's stock.

Boeing Price Performance

Shares of BA traded up $1.75 during mid-day trading on Friday, reaching $233.02. The company had a trading volume of 4,613,746 shares, compared to its average volume of 7,181,941. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $235.27. The company's 50-day moving average is $213.01 and its 200-day moving average is $186.85. The company has a market capitalization of $175.70 billion, a P/E ratio of -13.00 and a beta of 1.41.

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

Analyst Ratings Changes

A number of research analysts have issued reports on BA shares. UBS Group boosted their price target on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Susquehanna restated a "positive" rating on shares of Boeing in a report on Monday, July 14th. Finally, Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $180.00 to $275.00 in a report on Friday, June 27th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $221.55.

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.