The Boeing Company (NYSE:BA) Stake Raised by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its holdings in Boeing by 70.6% during the first quarter, now owning a total of 23,077 shares valued at approximately $3.9 million.
• Boeing's shares traded down to $226.01, with analysts projecting an EPS of -2.58 for the current year following recent quarterly earnings that missed estimates.
• Currently, Boeing has a consensus rating of "Moderate Buy" among analysts, with a price target averaging $228.90.

Benjamin Edwards Inc. lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 70.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,077 shares of the aircraft producer's stock after acquiring an additional 9,552 shares during the period. Benjamin Edwards Inc.'s holdings in Boeing were worth $3,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC raised its position in Boeing by 60.2% in 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 during the last quarter. Dogwood Wealth Management LLC increased its stake 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 purchasing an additional 112 shares during the period. Heck Capital Advisors LLC acquired a new position in Boeing in the 4th 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 purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Barclays increased their price objective on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a "buy" rating in a report on Thursday, June 12th. TD Securities downgraded Boeing to a "cautious" rating in a report on Thursday, May 22nd. Susquehanna raised their target price on Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Finally, Bank of America raised their target price on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

Insider Buying and Selling

In related news, 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 value of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing 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 completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Boeing Price Performance

BA stock traded up $6.27 during midday trading on Tuesday, reaching $232.23. 7,395,206 shares of the company's stock traded hands, compared to its average volume of 7,054,675. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The business has a 50-day moving average price of $217.68 and a two-hundred day moving average price of $191.12. The company has a market capitalization of $175.60 billion, a P/E ratio of -14.07 and a beta of 1.48.

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

About Boeing

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.