Spectrum Financial Alliance Ltd LLC raised its position in shares of The Boeing Company (NYSE:BA - Free Report) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,451 shares of the aircraft producer's stock after buying an additional 16,298 shares during the quarter. Boeing comprises 16.0% of Spectrum Financial Alliance Ltd LLC's portfolio, making the stock its biggest holding. Spectrum Financial Alliance Ltd LLC's holdings in Boeing were worth $49,195,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Sather Financial Group Inc lifted its stake in shares of Boeing by 23.4% in the 1st quarter. Sather Financial Group Inc now owns 187,720 shares of the aircraft producer's stock valued at $32,016,000 after purchasing an additional 35,544 shares during the last quarter. Bell & Brown Wealth Advisors LLC lifted its stake in shares of Boeing by 0.8% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 36,592 shares of the aircraft producer's stock valued at $6,241,000 after purchasing an additional 307 shares during the last quarter. Benedict Financial Advisors Inc. bought a new stake in shares of Boeing during the 1st quarter worth approximately $1,405,000. Phoenix Financial Ltd. lifted its stake in shares of Boeing by 430.9% during the 1st quarter. Phoenix Financial Ltd. now owns 150,329 shares of the aircraft producer's stock worth $25,640,000 after acquiring an additional 122,015 shares during the last quarter. Finally, Stevens Capital Management LP lifted its stake in shares of Boeing by 692.5% during the 1st quarter. Stevens Capital Management LP now owns 38,975 shares of the aircraft producer's stock worth $6,647,000 after acquiring an additional 34,057 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.
Insider Activity at Boeing
In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president owned 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president owned 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% 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 ninety days. Corporate insiders own 0.09% of the company's stock.
Boeing Trading Up 1.4%
NYSE:BA traded up $3.34 during mid-day trading on Monday, hitting $236.40. 7,886,003 shares of the company's stock traded hands, compared to its average volume of 6,673,094. The company has a fifty day moving average of $213.01 and a 200 day moving average of $186.96. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $236.63.
Analysts Set New Price Targets
BA has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a report on Monday. Finally, Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $221.55.
Get Our Latest Stock Analysis on Boeing
About Boeing
(
Free Report)
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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