The Boeing Company (NYSE:BA) Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its position in The Boeing Company (NYSE:BA - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,607 shares of the aircraft producer's stock after acquiring an additional 4,241 shares during the quarter. CENTRAL TRUST Co's holdings in Boeing were worth $6,414,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Boeing during the fourth quarter valued at $26,000. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after buying an additional 128 shares during the period. HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares during the last quarter. REAP Financial Group LLC raised its stake in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares during the period. Finally, Anfield Capital Management LLC lifted its holdings in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

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 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 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 the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 over the last ninety days. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of BA stock opened at $201.74 on Tuesday. The stock has a market cap of $152.11 billion, a PE ratio of -11.01 and a beta of 1.43. The business's fifty day moving average is $190.18 and its 200-day moving average is $177.43. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the company posted ($1.13) earnings per share. Boeing's revenue was up 17.7% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. 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 report on Wednesday, June 4th. Benchmark cut their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Morgan Stanley set a $200.00 price target on shares of Boeing and gave the stock an "equal weight" rating in a research report on Thursday, June 12th. Finally, Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.