The Boeing Company (NYSE:BA) Holdings Increased by OneAscent Financial Services LLC

OneAscent Financial Services LLC grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 37.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,782 shares of the aircraft producer's stock after purchasing an additional 1,835 shares during the quarter. OneAscent Financial Services LLC's holdings in Boeing were worth $1,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Morse Asset Management Inc purchased a new position in shares of Boeing during the first quarter valued at approximately $2,908,000. 1ST Source Bank raised its stake in Boeing by 10.3% during the first quarter. 1ST Source Bank now owns 4,908 shares of the aircraft producer's stock worth $837,000 after purchasing an additional 458 shares during the period. Berkeley Capital Partners LLC raised its stake in Boeing by 6.8% during the first quarter. Berkeley Capital Partners LLC now owns 1,357 shares of the aircraft producer's stock worth $231,000 after purchasing an additional 86 shares during the period. Cassaday & Co Wealth Management LLC raised its stake in Boeing by 3.7% during the first quarter. Cassaday & Co Wealth Management LLC now owns 3,407 shares of the aircraft producer's stock worth $581,000 after purchasing an additional 121 shares during the period. Finally, South Dakota Investment Council raised its stake in Boeing by 13.5% during the first quarter. South Dakota Investment Council now owns 10,930 shares of the aircraft producer's stock worth $1,864,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of NYSE BA traded up $0.05 during midday trading on Thursday, hitting $233.93. The company's stock had a trading volume of 1,763,510 shares, compared to its average volume of 8,548,229. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $235.27. The firm's fifty day moving average price is $211.97 and its 200-day moving average price is $185.92. The firm has a market cap of $176.39 billion, a P/E ratio of -13.05 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly 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 business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period last year, the firm posted ($1.13) earnings per share. The company's quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BA shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and raised their target price for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Morgan Stanley raised their target price on shares of Boeing from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Finally, Citigroup raised their target price on shares of Boeing from $220.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, July 14th. 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 issued a strong buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average target price of $221.55.

Insider Activity

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president directly owned 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company's stock.

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.