Verde Servicos Internacionais S.A. Buys New Shares in The Boeing Company (NYSE:BA)

Verde Servicos Internacionais S.A. bought a new stake in 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 (SEC). The fund bought 53,200 shares of the aircraft producer's stock, valued at approximately $9,073,000. Boeing comprises 5.2% of Verde Servicos Internacionais S.A.'s portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Keynote Financial Services LLC boosted its stake in Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after acquiring an additional 57 shares in the last quarter. Trek Financial LLC boosted its stake in Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after acquiring an additional 60 shares in the last quarter. Colonial Trust Co SC boosted its stake in Boeing by 6.1% during the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after acquiring an additional 60 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in Boeing by 1.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock worth $871,000 after acquiring an additional 61 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its stake in Boeing by 4.3% during the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock worth $266,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, TD Securities cut shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.85.

Insider Buying and Selling at Boeing

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 David Christopher Raymond sold 3,899 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Boeing Stock Up 0.4%

BA opened at $198.41 on Monday. The firm has a 50 day moving average price of $193.38 and a 200-day moving average price of $178.60. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80. The stock has a market capitalization of $149.60 billion, a price-to-earnings ratio of -11.07 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the firm earned ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, analysts expect 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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