Fort Washington Investment Advisors Inc. OH Increases Stock Position in The Boeing Company (NYSE:BA)

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 747,098 shares of the aircraft producer's stock after buying an additional 2,633 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.10% of Boeing worth $127,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Simon Quick Advisors LLC increased its position in shares of Boeing by 34.5% during the first quarter. Simon Quick Advisors LLC now owns 5,546 shares of the aircraft producer's stock worth $946,000 after purchasing an additional 1,422 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Boeing by 25.6% during the first quarter. Ironwood Wealth Management LLC. now owns 2,893 shares of the aircraft producer's stock worth $493,000 after purchasing an additional 589 shares in the last quarter. Columbia Advisory Partners LLC increased its position in shares of Boeing by 40.0% during the first quarter. Columbia Advisory Partners LLC now owns 2,109 shares of the aircraft producer's stock worth $360,000 after purchasing an additional 603 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of Boeing by 1.0% during the first quarter. Integrated Advisors Network LLC now owns 17,211 shares of the aircraft producer's stock worth $2,935,000 after purchasing an additional 178 shares in the last quarter. Finally, Petredis Investment Advisors LLC increased its position in shares of Boeing by 1.2% during the first quarter. Petredis Investment Advisors LLC now owns 20,234 shares of the aircraft producer's stock worth $3,451,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Activity

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's 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 completion of the transaction, the executive vice president now owns 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BA has been the topic of a number of recent analyst reports. Bank of America raised Boeing from a "neutral" rating to a "buy" rating and upped their price target for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Royal Bank of Canada upped their target price on Boeing from $200.00 to $230.00 and gave the company an "outperform" rating in a research report on Monday. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Jefferies Financial Group upped their target price on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $200.00 target price on shares of Boeing in a research report on Thursday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and an average target price of $209.85.

Boeing Trading Down 4.8%

BA stock traded down $10.25 during mid-day trading on Thursday, reaching $203.75. The company's stock had a trading volume of 30,494,611 shares, compared to its average volume of 9,358,304. The stock has a market cap of $153.63 billion, a PE ratio of -11.12 and a beta of 1.43. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The company's 50 day moving average is $186.41 and its two-hundred day moving average is $176.08.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS 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 analysts' expectations of $19.57 billion. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.13) EPS. On average, 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.