The Boeing Company (NYSE:BA) Holdings Raised by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 17.0% during the 1st quarter, HoldingsChannel reports. The fund owned 12,447 shares of the aircraft producer’s stock after acquiring an additional 1,804 shares during the period. Cohen Investment Advisors LLC’s holdings in Boeing were worth $2,123,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BA. American National Bank & Trust increased its position in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC grew its stake in shares of 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 in the last quarter. Dogwood Wealth Management LLC increased its holdings in Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after buying an additional 112 shares during the last quarter. Solstein Capital LLC bought a new stake in Boeing in the fourth quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Boeing during the 4th quarter valued at $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 value of $650,198.35. Following the sale, the executive vice president owned 20,513 shares of the company’s stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president owned 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock worth $1,511,370. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BA shares. Susquehanna reiterated a “positive” rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Bank of America upgraded 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. Royal Bank Of Canada reissued a “cautious” rating on shares of Boeing in a research note on Thursday, June 12th. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a report on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $215.77.

Boeing Stock Up 1.8%

Shares of BA opened at $215.75 on Friday. The stock’s 50-day moving average price is $201.38 and its 200 day moving average price is $181.06. The firm has a market capitalization of $162.68 billion, a price-to-earnings ratio of -12.04 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the prior year, the firm earned ($1.13) EPS. The firm’s quarterly revenue 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.

About Boeing

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.