The Boeing Company (NYSE:BA) Shares Purchased by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 1,697.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,322 shares of the aircraft producer's stock after acquiring an additional 180,679 shares during the period. Boeing comprises 0.9% of Cohen Investment Advisors LLC's investment portfolio, making the stock its 23rd biggest position. Cohen Investment Advisors LLC's holdings in Boeing were worth $32,630,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BA. American National Bank & Trust raised its position in 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 purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC boosted its stake in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares during the period. Anfield Capital Management LLC boosted its stake 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 valued at $32,000 after buying an additional 95 shares during the period. Dogwood Wealth Management LLC boosted its stake in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 112 shares during the period. Finally, Solstein Capital LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Morgan Stanley set a $200.00 target price on Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Jefferies Financial Group lifted their price target on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research note on Friday. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $215.77.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 value of $729,151.99. Following the completion of the transaction, the executive vice president now directly 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 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 three months. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

Shares of BA stock opened at $214.56 on Friday. The stock has a fifty day moving average price of $197.85 and a 200 day moving average price of $179.98. The stock has a market cap of $161.78 billion, a PE ratio of -11.97 and a beta of 1.43. 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 data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.13) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current 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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