The Boeing Company (NYSE:BA) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 69.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,612 shares of the aircraft producer's stock after acquiring an additional 10,876 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Boeing were worth $4,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $201,000. Bank Pictet & Cie Europe AG acquired a new stake in shares of Boeing in the 4th quarter valued at about $7,837,000. Guggenheim Capital LLC boosted its position in shares of Boeing by 34.5% in the 4th quarter. Guggenheim Capital LLC now owns 22,477 shares of the aircraft producer's stock valued at $3,978,000 after purchasing an additional 5,760 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Boeing by 25.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 200,667 shares of the aircraft producer's stock valued at $35,503,000 after purchasing an additional 40,639 shares during the period. Finally, Forum Financial Management LP raised its stake in Boeing by 6.3% during the 4th quarter. Forum Financial Management LP now owns 6,300 shares of the aircraft producer's stock valued at $1,115,000 after acquiring an additional 371 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on BA shares. JPMorgan Chase & Co. upped their price objective on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Jefferies Financial Group increased their target price on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Finally, KGI Securities upgraded Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $228.90.

Boeing Stock Up 0.9%

BA stock opened at $235.31 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock's fifty day simple moving average is $219.45 and its 200-day simple moving average is $192.62. The stock has a market capitalization of $177.93 billion, a price-to-earnings ratio of -14.25 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the business earned ($2.90) EPS. The firm's revenue was up 34.9% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share 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.

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