Chicago Capital LLC Acquires 4,793 Shares of The Boeing Company (NYSE:BA)

Chicago Capital LLC raised its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 101.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,531 shares of the aircraft producer's stock after acquiring an additional 4,793 shares during the period. Chicago Capital LLC's holdings in Boeing were worth $1,626,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BA. Sierra Ocean LLC purchased a new position in shares of Boeing in the 4th quarter worth about $26,000. American National Bank & Trust boosted its stake in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. 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 acquiring an additional 90 shares during the period. REAP Financial Group LLC increased its stake in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BA. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Cowen restated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, TD Securities downgraded Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $209.85.

Boeing Trading Down 1.3%

Shares of NYSE:BA traded down $2.64 on Thursday, reaching $197.62. 7,910,147 shares of the company traded hands, compared to its average volume of 9,444,273. The stock has a market capitalization of $149.01 billion, a P/E ratio of -11.03 and a beta of 1.43. The business's 50-day simple moving average is $191.71 and its 200 day simple moving average is $177.73. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80.

Boeing (NYSE:BA - Get Free Report) last released its 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 company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same period last year, the firm posted ($1.13) EPS. The company's revenue was up 17.7% on a year-over-year basis. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company'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 transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the 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 now owns 13,258 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

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.