Cohen Investment Advisors LLC Acquires 1,804 Shares of The Boeing Company (NYSE:BA)

Cohen Investment Advisors LLC lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 17.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,447 shares of the aircraft producer's stock after acquiring an additional 1,804 shares during the period. Cohen Investment Advisors LLC's holdings in Boeing were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BA. American National Bank & Trust lifted its position in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC lifted its holdings 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 buying an additional 65 shares during the period. Dogwood Wealth Management LLC lifted its holdings in shares of 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 buying an additional 112 shares during the period. Solstein Capital LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at about $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. TD Securities downgraded shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Finally, Susquehanna reaffirmed a "positive" rating and set a $240.00 target price (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $215.77.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president directly owned 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's 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 completion of the transaction, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last three months. Corporate insiders own 0.09% of the company's stock.

Boeing Trading Up 1.8%

BA stock traded up $3.72 during midday trading on Friday, reaching $215.75. The company had a trading volume of 4,476,122 shares, compared to its average volume of 9,497,060. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The company has a 50 day moving average of $202.13 and a two-hundred day moving average of $181.42. The company has a market capitalization of $162.68 billion, a P/E ratio of -12.04 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the prior year, the business posted ($1.13) earnings per share. Boeing's revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts anticipate 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.