The Boeing Company $BA is Sender Co & Partners Inc.'s 2nd Largest Position

Key Points

• Sender Co & Partners Inc. increased its stake in The Boeing Company by 125.0% in the first quarter, owning 55,627 shares now valued at approximately $9.5 million.
• Boeing's stock received multiple analyst upgrades with Barclays raising their price target from $210.00 to $255.00 and a majority rating it as a "Buy" or "Strong Buy".
• In recent trading, Boeing shares opened at $229.40, with a 50-day moving average of $227.54 and a one-year high of $242.69.

Sender Co & Partners Inc. lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 125.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,627 shares of the aircraft producer's stock after buying an additional 30,899 shares during the period. Boeing comprises 5.0% of Sender Co & Partners Inc.'s investment portfolio, making the stock its 2nd biggest holding. Sender Co & Partners Inc.'s holdings in Boeing were worth $9,487,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Monetary Management Group Inc. grew its stake in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 50 shares during the period. Heritage Financial Services LLC lifted its stake in shares of Boeing by 4.2% in the first quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer's stock valued at $216,000 after purchasing an additional 51 shares during the period. Wood Tarver Financial Group LLC boosted its holdings in Boeing by 14.3% during the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after buying an additional 55 shares in the last quarter. Signature Wealth Management Partners LLC grew its position in Boeing by 2.0% during the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock worth $493,000 after buying an additional 57 shares during the period. Finally, Byrne Financial Freedom LLC increased its holdings in Boeing by 3.0% in the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock valued at $340,000 after buying an additional 58 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BA shares. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research note on Friday, June 27th. Bank of America lifted their price objective on Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Barclays upped their target price on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada restated an "outperform" rating and issued a $250.00 price target on shares of Boeing in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $230.77.

Boeing Stock Down 0.9%

BA stock traded down $2.11 during midday trading on Wednesday, hitting $227.41. The stock had a trading volume of 4,939,155 shares, compared to its average volume of 5,881,937. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company's 50-day moving average price is $228.35 and its 200 day moving average price is $198.48.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same period in the prior year, the company posted ($2.90) earnings per share. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on 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 owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

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.