The Boeing Company (NYSE:BA) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,844 shares of the aircraft producer's stock after buying an additional 2,590 shares during the quarter. State of Alaska Department of Revenue's holdings in Boeing were worth $14,981,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Amundi lifted its position in Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. KKM Financial LLC lifted its holdings in shares of Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the last quarter. Wynn Capital LLC acquired a new stake in shares of Boeing in the 1st quarter valued at about $584,000. Grant Private Wealth Management Inc acquired a new position in Boeing during the fourth quarter worth approximately $903,000. Finally, Winslow Asset Management Inc. lifted its stake in Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after buying an additional 3,096 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing 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 transaction, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 in the last quarter. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BA. Morgan Stanley set a $200.00 target price on shares of Boeing and gave the company an "equal weight" rating in a report on Thursday, June 12th. Jefferies Financial Group raised their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and upped their target price for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Citigroup reiterated a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $209.85.

Boeing Trading Down 1.3%

Shares of BA traded down $2.64 during mid-day trading on Wednesday, hitting $197.62. The company's stock had a trading volume of 7,910,147 shares, compared to its average volume of 9,431,244. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The firm has a market capitalization of $149.01 billion, a P/E ratio of -11.03 and a beta of 1.43. The firm has a 50-day simple moving average of $190.97 and a 200 day simple moving average of $177.59.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate 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 previous year, the company posted ($1.13) earnings per share. The company's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

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.