The Boeing Company (NYSE:BA) Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 73.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,275 shares of the aircraft producer's stock after acquiring an additional 4,777 shares during the quarter. Vest Financial LLC's holdings in Boeing were worth $1,923,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BA. Vanguard Group Inc. boosted its stake in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC boosted its stake in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC bought a new position in Boeing in the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. bought a new position in Boeing in the 4th quarter worth approximately $526,889,000. Finally, Zimmer Partners LP bought a new position in Boeing in the 4th quarter worth approximately $393,736,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 1.0%

Shares of BA traded up $2.01 during midday trading on Friday, reaching $211.03. 6,069,723 shares of the stock were exchanged, compared to its average volume of 9,239,457. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $215.80. The company's 50 day moving average is $182.59 and its two-hundred day moving average is $174.84. The company has a market capitalization of $159.12 billion, a P/E ratio of -11.52 and a beta of 1.43.

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 for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the business earned ($1.13) EPS. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock valued at $1,511,370 over the last quarter. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on BA. Susquehanna reaffirmed a "positive" rating and set a $240.00 price objective (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $181.00 to $218.00 in a report on Monday, April 28th. TD Securities cut Boeing to a "cautious" rating in a report on Thursday, May 22nd. Finally, Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of "Moderate Buy" and a consensus price target of $207.85.

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.