The Boeing Company (NYSE:BA) Shares Bought by Swiss National Bank

Swiss National Bank raised its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,110,200 shares of the aircraft producer's stock after buying an additional 51,700 shares during the period. Swiss National Bank owned about 0.28% of Boeing worth $359,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. AlphaCore Capital LLC boosted its position in Boeing by 112.7% in the 1st quarter. AlphaCore Capital LLC now owns 3,326 shares of the aircraft producer's stock worth $567,000 after purchasing an additional 1,762 shares in the last quarter. WBH Advisory Inc. increased its holdings in shares of Boeing by 2.6% during the 1st quarter. WBH Advisory Inc. now owns 2,304 shares of the aircraft producer's stock valued at $393,000 after purchasing an additional 58 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Boeing by 12.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,537,301 shares of the aircraft producer's stock valued at $262,187,000 after purchasing an additional 168,662 shares during the period. Ironwood Investment Counsel LLC boosted its holdings in Boeing by 4.5% during the first quarter. Ironwood Investment Counsel LLC now owns 1,884 shares of the aircraft producer's stock worth $321,000 after buying an additional 81 shares in the last quarter. Finally, Blue Barn Wealth LLC grew its position in Boeing by 64.1% during the first quarter. Blue Barn Wealth LLC now owns 2,548 shares of the aircraft producer's stock valued at $435,000 after buying an additional 995 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the firm'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 completion of the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Citigroup reiterated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Finally, Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $180.00 to $275.00 in a research report on Friday, June 27th. Three equities 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $228.90.

Boeing Stock Performance

NYSE:BA opened at $227.32 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The stock has a market cap of $171.89 billion, a PE ratio of -13.77 and a beta of 1.48. The stock has a 50 day moving average price of $216.95 and a 200 day moving average price of $190.20.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same period in the previous year, the business earned ($2.90) earnings per share. The firm's revenue was up 34.9% on a year-over-year basis. As a group, analysts predict 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.

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