Fifth Third Wealth Advisors LLC Has $1.70 Million Holdings in The Boeing Company (NYSE:BA)

Fifth Third Wealth Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 248.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,953 shares of the aircraft producer's stock after buying an additional 7,093 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Boeing were worth $1,697,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BA. Vanguard Group Inc. raised its stake in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC raised its stake in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Boeing during the 4th quarter valued at $568,000. Alyeska Investment Group L.P. acquired a new position in Boeing during the 4th quarter valued at $526,889,000. Finally, Zimmer Partners LP acquired a new position in Boeing during the 4th quarter valued at $393,736,000. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BA has been the subject of several research analyst reports. TD Securities cut shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. UBS Group increased their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Susquehanna restated a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Finally, Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.85.

Insider Buying and Selling

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company'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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last 90 days. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of NYSE BA traded down $2.79 during mid-day trading on Thursday, hitting $209.19. The company's stock had a trading volume of 4,730,251 shares, compared to its average volume of 9,215,447. The stock has a market cap of $157.73 billion, a price-to-earnings ratio of -11.42 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $215.80. The company's fifty day simple moving average is $181.73 and its 200-day simple moving average is $174.19.

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