Yarbrough Capital LLC Has $13.58 Million Stake in The Boeing Company (NYSE:BA)

Yarbrough Capital LLC decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,645 shares of the aircraft producer's stock after selling 3,466 shares during the period. Boeing accounts for about 0.6% of Yarbrough Capital LLC's investment portfolio, making the stock its 27th largest holding. Yarbrough Capital LLC's holdings in Boeing were worth $13,583,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter valued at $26,000. American National Bank & Trust increased its holdings in shares of 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 buying an additional 128 shares in the last quarter. HighMark Wealth Management LLC increased its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares in the last quarter. REAP Financial Group LLC increased its holdings in shares of 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 buying an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC increased its holdings in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Susquehanna reiterated a "positive" rating and set a $240.00 price objective (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. UBS Group lifted their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of "Moderate Buy" and a consensus target price of $207.85.

Insider Buying and Selling

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were 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 in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction 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 $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,744 shares of company stock worth $1,511,370. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Up 1.0%

Shares of Boeing stock traded up $2.01 on Friday, hitting $211.03. 6,069,723 shares of the company traded hands, compared to its average volume of 9,239,457. The company has a 50-day moving average price of $182.59 and a 200 day moving average price of $174.84. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $215.80. The company has a market cap of $159.12 billion, a PE ratio of -11.52 and a beta of 1.43.

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

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.