The Boeing Company (NYSE:BA) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 55.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,734 shares of the aircraft producer's stock after buying an additional 10,901 shares during the period. Vontobel Holding Ltd.'s holdings in Boeing were worth $5,242,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Trek Financial LLC increased its position in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after buying an additional 60 shares during the period. Colonial Trust Co SC increased its position in Boeing by 6.1% in the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after buying an additional 60 shares during the period. Mattern Wealth Management LLC increased its position in Boeing by 4.9% in the first quarter. Mattern Wealth Management LLC now owns 1,311 shares of the aircraft producer's stock worth $224,000 after buying an additional 61 shares during the period. HBW Advisory Services LLC increased its position in Boeing by 4.3% in the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock worth $266,000 after buying an additional 64 shares during the period. Finally, REAP Financial Group LLC increased its position in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BA shares. UBS Group increased their target price on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Finally, Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $215.77.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated 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 directly owned 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Up 1.0%

Shares of BA stock opened at $211.90 on Thursday. The stock has a 50-day simple moving average of $200.59 and a 200 day simple moving average of $180.77. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The stock has a market capitalization of $159.77 billion, a P/E ratio of -11.82 and a beta of 1.41.

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

Boeing Company 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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