WoodTrust Financial Corp Acquires Shares of 1,431 The Boeing Company (NYSE:BA)

WoodTrust Financial Corp acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,431 shares of the aircraft producer's stock, valued at approximately $244,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after buying an additional 1,634,231 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated 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 directly owns 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last quarter. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Susquehanna restated a "positive" rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Melius Research set a $204.00 price target on shares of Boeing in a research note on Monday, March 24th. Finally, Benchmark dropped their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

Boeing Stock Performance

BA opened at $201.38 on Tuesday. The stock has a market capitalization of $151.84 billion, a P/E ratio of -11.24 and a beta of 1.43. The company's 50-day simple moving average is $194.23 and its two-hundred day simple moving average is $178.93. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $218.80.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) 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 the consensus estimate of $19.57 billion. Boeing's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.13) EPS. Research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal 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.

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