The Boeing Company (NYSE:BA) Stake Boosted by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 11.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,118 shares of the aircraft producer's stock after purchasing an additional 5,309 shares during the quarter. Wealthfront Advisers LLC's holdings in Boeing were worth $8,718,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. American National Bank & Trust grew its position in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC grew its position in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Dogwood Wealth Management LLC grew its position in Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Solstein Capital LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Benchmark reduced their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and increased their target price for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $221.55.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 directly owned 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of Boeing 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 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 ownership of the stock. 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 three months. Company insiders own 0.09% of the company's stock.

Boeing Price Performance

Shares of BA traded down $1.81 during trading hours on Friday, reaching $229.19. 2,029,163 shares of the company's stock traded hands, compared to its average volume of 9,545,668. The firm has a market capitalization of $172.81 billion, a price-to-earnings ratio of -12.78 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $233.61. The business's fifty day simple moving average is $209.57 and its two-hundred day simple moving average is $184.37.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing's revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.13) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Boeing 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.