Czech National Bank Has $29.39 Million Position in The Boeing Company (NYSE:BA)

Czech National Bank boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 6.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,329 shares of the aircraft producer's stock after buying an additional 10,239 shares during the period. Czech National Bank's holdings in Boeing were worth $29,391,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. 180 Wealth Advisors LLC boosted its holdings in shares of Boeing by 7.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 15,724 shares of the aircraft producer's stock valued at $2,682,000 after purchasing an additional 1,039 shares in the last quarter. Mirador Capital Partners LP bought a new stake in shares of Boeing during the 1st quarter worth $3,255,000. Mechanics Bank Trust Department acquired a new stake in Boeing in the first quarter valued at about $248,000. Wallace Advisory Group LLC boosted its stake in Boeing by 31.9% in the first quarter. Wallace Advisory Group LLC now owns 3,526 shares of the aircraft producer's stock valued at $624,000 after buying an additional 853 shares in the last quarter. Finally, Sterneck Capital Management LLC grew its position in Boeing by 3.7% in the first quarter. Sterneck Capital Management LLC now owns 3,103 shares of the aircraft producer's stock valued at $529,000 after acquiring an additional 111 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of Boeing stock traded up $2.01 during midday trading on Tuesday, reaching $213.48. The company had a trading volume of 8,081,046 shares, compared to its average volume of 9,224,880. The stock has a fifty day moving average price of $179.49 and a 200 day moving average price of $173.19. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $215.76. The firm has a market cap of $160.96 billion, a PE ratio of -11.65 and a beta of 1.41.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the firm posted ($1.13) EPS. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. Sanford C. Bernstein upgraded 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 report on Monday, April 28th. UBS Group upped their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Benchmark cut their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $207.35.

Insider Activity at Boeing

In other news, 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 transaction of $132,019.20. Following the completion of the sale, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last quarter. Company insiders own 0.09% of the company's stock.

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.