Itau Unibanco Holding S.A. Invests $10.52 Million in The Boeing Company (NYSE:BA)

Itau Unibanco Holding S.A. bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 59,574 shares of the aircraft producer's stock, valued at approximately $10,518,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in Boeing during the 4th quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the 4th quarter worth about $28,000. HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during the 4th 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. Finally, Anfield Capital Management LLC increased its position in shares of Boeing by 113.1% during 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 during the period. Institutional investors own 64.82% of the company's stock.

Boeing Stock Up 0.5 %

Shares of BA stock traded up $0.84 on Monday, hitting $186.30. The company had a trading volume of 2,544,907 shares, compared to its average volume of 9,036,405. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The firm has a market cap of $140.47 billion, a P/E ratio of -10.17 and a beta of 1.40. The company has a 50-day moving average price of $165.14 and a 200-day moving average price of $165.89.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the prior year, the company posted ($1.13) EPS. The company's revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on BA. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $181.00 to $218.00 in a report on Monday, April 28th. TD Securities reissued a "buy" rating and set a $180.00 price objective on shares of Boeing in a research note on Thursday, April 24th. Melius Research set a $204.00 target price on Boeing in a research note on Monday, March 24th. Finally, Benchmark cut 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $200.90.

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.