Dimensional Fund Advisors LP grew its position in The Boeing Company (NYSE:BA - Free Report) by 10.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,411,301 shares of the aircraft producer's stock after acquiring an additional 135,907 shares during the period. Dimensional Fund Advisors LP owned about 0.19% of Boeing worth $240,698,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. American National Bank & Trust boosted its holdings in Boeing by 474.1% in 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 during the last quarter. REAP Financial Group LLC lifted its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Boeing in the fourth quarter valued at $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in Boeing by 122.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock valued at $34,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on BA. TD Securities cut shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Bank of America increased their price target on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. UBS Group set a $280.00 target price on shares of Boeing and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Cowen reiterated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.90.
Get Our Latest Report on BA
Insider Activity at Boeing
In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company's stock.
Boeing Price Performance
Shares of Boeing stock traded down $0.0760 on Wednesday, hitting $224.9240. The company had a trading volume of 2,775,206 shares, compared to its average volume of 8,397,253. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company has a market cap of $170.08 billion, a PE ratio of -13.63 and a beta of 1.48. The business has a 50-day simple moving average of $219.94 and a 200-day simple moving average of $193.33.
Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period last year, the firm posted ($2.90) EPS. The firm's quarterly revenue was up 34.9% on a year-over-year basis. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.
Boeing Profile
(
Free Report)
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.
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