The Boeing Company (NYSE:BA) Stock Holdings Increased by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. boosted its position in The Boeing Company (NYSE:BA - Free Report) by 32.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 19,306 shares of the aircraft producer's stock after acquiring an additional 4,706 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Boeing were worth $3,293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new position in shares of Boeing in the 4th quarter worth $201,000. Empowered Funds LLC increased its stake in Boeing by 35.1% during the fourth quarter. Empowered Funds LLC now owns 20,280 shares of the aircraft producer's stock worth $3,590,000 after acquiring an additional 5,274 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in shares of Boeing by 1.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 7,120 shares of the aircraft producer's stock worth $1,260,000 after purchasing an additional 94 shares during the period. Violich Capital Management Inc. purchased a new position in shares of Boeing in the 4th quarter worth about $220,000. Finally, Essex Financial Services Inc. lifted its stake in shares of Boeing by 3.5% in the 4th quarter. Essex Financial Services Inc. now owns 6,817 shares of the aircraft producer's stock valued at $1,207,000 after purchasing an additional 229 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the 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 completion of the transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on BA shares. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a report on Thursday, May 22nd. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their target price for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Jefferies Financial Group increased their price target on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Bank of America raised Boeing from a "neutral" rating to a "buy" rating and raised their price objective for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.35.

Boeing Trading Down 4.9%

Boeing stock traded down $10.43 during midday trading on Thursday, hitting $203.57. The stock had a trading volume of 22,484,080 shares, compared to its average volume of 9,313,798. The business has a fifty day moving average price of $186.41 and a 200 day moving average price of $176.08. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The stock has a market cap of $153.49 billion, a P/E ratio of -11.11 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter last year, the firm posted ($1.13) earnings per share. Boeing's revenue was up 17.7% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal 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.