2,711 Shares in The Boeing Company (NYSE:BA) Acquired by Trust Co. of Oklahoma

Trust Co. of Oklahoma bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,711 shares of the aircraft producer's stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $201,000. Strategic Financial Concepts LLC purchased a new position in Boeing in the 4th quarter worth approximately $3,704,000. Vest Financial LLC increased its holdings in shares of Boeing by 50.1% in the 4th quarter. Vest Financial LLC now owns 6,498 shares of the aircraft producer's stock worth $1,150,000 after buying an additional 2,169 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Boeing by 35.1% in the 4th quarter. Empowered Funds LLC now owns 20,280 shares of the aircraft producer's stock worth $3,590,000 after buying an additional 5,274 shares during the last quarter. Finally, Stephens Inc. AR raised its position in shares of Boeing by 18.2% during the 4th quarter. Stephens Inc. AR now owns 48,665 shares of the aircraft producer's stock valued at $8,614,000 after buying an additional 7,505 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were 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 in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

BA has been the subject of several research reports. Cowen reiterated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Susquehanna reiterated a "positive" rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Royal Bank of Canada raised their price objective on Boeing from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Monday. Finally, Bank of America raised Boeing from a "neutral" rating to a "buy" rating and upped their target price for the stock from $185.00 to $260.00 in a research note on Monday, June 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.35.

Boeing Stock Performance

Shares of NYSE BA traded down $1.72 during midday trading on Tuesday, hitting $215.79. 8,180,746 shares of the company's stock traded hands, compared to its average volume of 9,235,961. The firm has a fifty day moving average of $183.57 and a 200 day moving average of $175.53. The stock has a market capitalization of $162.70 billion, a price-to-earnings ratio of -11.78 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 announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping 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. Boeing'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 business posted ($1.13) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.