The Boeing Company (NYSE:BA) Shares Acquired by Sabal Trust CO

Sabal Trust CO lifted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 47.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,054 shares of the aircraft producer's stock after acquiring an additional 3,228 shares during the quarter. Sabal Trust CO's holdings in Boeing were worth $1,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC lifted its position in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the period. Northern Trust Corp lifted its position in Boeing by 33.6% during the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after buying an additional 1,634,231 shares during the period. Fisher Asset Management LLC lifted its position in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares during the period. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares in the company, 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 7,744 shares of company stock worth $1,511,370 in the last three months. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Cowen restated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Citigroup restated a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Susquehanna restated a "positive" rating and set a $240.00 price target (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and raised their price target for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Finally, Melius Research set a $204.00 price target on Boeing in a report on Monday, March 24th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $215.77.

Boeing Stock Performance

Boeing stock traded up $11.98 during mid-day trading on Friday, hitting $214.56. The company's stock had a trading volume of 14,787,018 shares, compared to its average volume of 9,457,970. The company has a 50 day moving average of $197.85 and a 200-day moving average of $179.88. 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 one year low of $128.88 and a one year high of $218.80.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the prior year, the company posted ($1.13) earnings per share. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS 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.