The Boeing Company (NYSE:BA) Shares Acquired by Weaver Consulting Group

Weaver Consulting Group increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 10.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,070 shares of the aircraft producer's stock after buying an additional 1,196 shares during the period. Weaver Consulting Group's holdings in Boeing were worth $2,229,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of Boeing by 7.6% during the first quarter. Private Trust Co. NA now owns 4,266 shares of the aircraft producer's stock worth $728,000 after buying an additional 303 shares during the period. Mainstream Capital Management LLC boosted its holdings in Boeing by 16.7% in the first quarter. Mainstream Capital Management LLC now owns 1,592 shares of the aircraft producer's stock valued at $272,000 after purchasing an additional 228 shares in the last quarter. McGinn Penninger Investment Management Inc. boosted its holdings in Boeing by 4.6% in the first quarter. McGinn Penninger Investment Management Inc. now owns 27,805 shares of the aircraft producer's stock valued at $4,742,000 after purchasing an additional 1,230 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Boeing by 6.3% in the first quarter. Aaron Wealth Advisors LLC now owns 2,920 shares of the aircraft producer's stock valued at $498,000 after purchasing an additional 173 shares in the last quarter. Finally, Sippican Capital Advisors boosted its holdings in Boeing by 12.3% in the first quarter. Sippican Capital Advisors now owns 3,316 shares of the aircraft producer's stock valued at $566,000 after purchasing an additional 363 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BA shares. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target for the company in a report on Friday, June 27th. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Bank of America raised Boeing from a "neutral" rating to a "buy" rating and increased their price objective for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $215.77.

Boeing Stock Up 1.8%

Shares of NYSE BA traded up $3.72 during mid-day trading on Friday, hitting $215.75. 4,476,122 shares of the company were exchanged, compared to its average volume of 9,497,060. The stock has a 50 day simple moving average of $202.13 and a 200-day simple moving average of $181.45. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The firm has a market cap of $162.68 billion, a price-to-earnings ratio of -12.04 and a beta of 1.41.

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 (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The company's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.13) EPS. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction on 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 transaction, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on 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 transaction, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by corporate insiders.

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.