The Boeing Company (NYSE:BA) Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 34.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,546 shares of the aircraft producer's stock after purchasing an additional 1,422 shares during the quarter. Simon Quick Advisors LLC's holdings in Boeing were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in shares of Boeing in the fourth quarter valued at $26,000. American National Bank & Trust raised its stake in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the period. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the period. REAP Financial Group LLC raised its stake in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the period. Finally, Anfield Capital Management LLC raised its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the period. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the firm'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 transaction, the senior vice president now owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This trade represents 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 Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BA. TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. UBS Group increased their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Susquehanna reissued a "positive" rating and issued a $240.00 target price (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Finally, Cowen reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $209.85.

Boeing Price Performance

NYSE BA traded down $3.54 during trading on Friday, reaching $200.21. 16,066,055 shares of the company's stock traded hands, compared to its average volume of 9,423,143. The firm has a market cap of $150.96 billion, a price-to-earnings ratio of -10.93 and a beta of 1.43. The company's 50 day simple moving average is $188.93 and its two-hundred day simple moving average is $176.94. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS 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 analysts' expectations of $19.57 billion. The company's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the business posted ($1.13) EPS. Research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.