TIAA Trust National Association increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 9.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,148 shares of the aircraft producer's stock after acquiring an additional 11,189 shares during the quarter. TIAA Trust National Association's holdings in Boeing were worth $22,367,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC grew its holdings in Boeing by 14.3% during the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after acquiring an additional 55 shares during the last quarter. Signature Wealth Management Partners LLC grew its holdings in Boeing by 2.0% during the 1st quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock worth $493,000 after acquiring an additional 57 shares during the last quarter. Byrne Financial Freedom LLC grew its holdings in Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after acquiring an additional 58 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in Boeing by 0.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock worth $3,578,000 after acquiring an additional 58 shares during the last quarter. Finally, Trek Financial LLC grew its holdings in Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.
Boeing Stock Performance
Shares of NYSE BA opened at $221.94 on Friday. The stock has a market cap of $167.82 billion, a P/E ratio of -13.44 and a beta of 1.48. The firm has a 50 day moving average price of $215.23 and a 200 day moving average price of $188.83. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.
Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The business's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the company posted ($2.90) EPS. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on BA. Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Finally, Benchmark decreased their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $228.90.
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Boeing Company Profile
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Free Report)
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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