The Boeing Company (NYSE:BA) Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC increased its holdings in The Boeing Company (NYSE:BA) by 2.7% during the first quarter, HoldingsChannel.com reports. The fund owned 8,515 shares of the aircraft producer’s stock after buying an additional 226 shares during the period. Insigneo Advisory Services LLC’s holdings in Boeing were worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter valued at $26,000. American National Bank & Trust increased its stake in Boeing by 474.1% in the 1st 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 during the period. HighMark Wealth Management LLC increased its stake in Boeing by 121.6% in 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 during the period. REAP Financial Group LLC increased its stake in Boeing by 60.2% in the 4th 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 during the period. Finally, Anfield Capital Management LLC increased its stake in Boeing by 113.1% in the 4th 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. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BA shares. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Wall Street Zen cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Morgan Stanley set a $200.00 price target on shares of Boeing and gave the stock an “equal weight” rating in a research note on Thursday, June 12th. Bank of America raised shares of Boeing from a “neutral” rating to a “buy” rating and upped their price target for the stock from $185.00 to $260.00 in a research note on Monday, June 2nd. Finally, UBS Group upped their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $209.85.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 completion of the transaction, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,744 shares of company stock worth $1,511,370. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Up 0.7%

Boeing stock opened at $201.74 on Tuesday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80. The firm’s 50-day simple moving average is $190.18 and its 200 day simple moving average is $177.43. The firm has a market capitalization of $152.11 billion, a PE ratio of -11.01 and a beta of 1.43.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. Boeing’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted ($1.13) earnings per share. On average, research analysts expect 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.