The Boeing Company (NYSE:BA) Stock Holdings Lifted by Portside Wealth Group LLC

Portside Wealth Group LLC increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,980 shares of the aircraft producer's stock after purchasing an additional 1,844 shares during the quarter. Portside Wealth Group LLC's holdings in Boeing were worth $3,067,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BA. Vanguard Group Inc. raised its position in Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its position in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Boeing in the fourth quarter worth $568,000. Alyeska Investment Group L.P. purchased a new position in Boeing in the fourth quarter worth $526,889,000. Finally, Zimmer Partners LP purchased a new position in Boeing in the fourth quarter worth $393,736,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on Boeing from $200.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday. Morgan Stanley restated an "equal weight" rating and issued a $200.00 price target on shares of Boeing in a research report on Thursday. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Melius Research set a $204.00 price target on Boeing in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business'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 transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on 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 sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of NYSE BA traded down $10.25 during trading on Thursday, reaching $203.75. The stock had a trading volume of 30,494,611 shares, compared to its average volume of 9,341,686. The Boeing Company has a one year low of $128.88 and a one year high of $218.80. The stock has a market cap of $153.63 billion, a PE ratio of -11.12 and a beta of 1.43. The firm's 50 day moving average price is $186.41 and its two-hundred day moving average price is $176.08.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. During the same quarter in the prior year, the firm earned ($1.13) EPS. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

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.