The Boeing Company (NYSE:BA) Position Increased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its holdings in The Boeing Company by 4.5% to $54.87 million, owning 321,738 shares after acquiring an additional 13,859 shares during the 1st quarter.
• Wall Street analysts show optimism with multiple firms setting price targets for Boeing, including JPMorgan Chase raising its target from $200.00 to $230.00 and Rothschild & Co Redburn upgrading to a "buy" with a target of $275.00.
• Boeing's stock has shown resilience, currently trading at $233.02, and analysts give it a consensus rating of "Moderate Buy" with a consensus target price of $221.55.

TD Asset Management Inc lifted its holdings in The Boeing Company (NYSE:BA - Free Report) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,738 shares of the aircraft producer's stock after acquiring an additional 13,859 shares during the period. TD Asset Management Inc's holdings in Boeing were worth $54,872,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BA. American National Bank & Trust grew its holdings in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC grew its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Solstein Capital LLC acquired a new stake in Boeing during the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on BA. Susquehanna increased their price objective on shares of Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a research note on Wednesday. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective on the stock in a research note on Friday, June 27th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Boeing presently has an average rating of "Moderate Buy" and an average price target of $228.73.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred 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 transaction, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $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 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company's stock.

Boeing Stock Down 1.4%

Boeing stock traded down $3.13 during trading hours on Thursday, hitting $222.71. 3,814,399 shares of the company traded hands, compared to its average volume of 8,599,019. The firm has a market cap of $167.93 billion, a P/E ratio of -13.49 and a beta of 1.41. The firm's 50-day simple moving average is $214.47 and its two-hundred day simple moving average is $187.94. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.90) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

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.