North Capital Inc. Acquires Shares of 878 The Boeing Company (NYSE:BA)

by · The Cerbat Gem

North Capital Inc. acquired a new stake in shares of The Boeing Company (NYSE:BA – Free Report) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 878 shares of the aircraft producer’s stock, valued at approximately $150,000.

A number of other institutional investors have also recently made changes to their positions in BA. Vanguard Group Inc. lifted its position in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $568,000. Alyeska Investment Group L.P. bought a new stake in shares of Boeing in the fourth quarter worth approximately $526,889,000. Finally, Zimmer Partners LP bought a new position in Boeing during the fourth quarter valued at approximately $393,736,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last 90 days. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BA shares. Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Royal Bank Of Canada reiterated a “cautious” rating on shares of Boeing in a research report on Thursday, June 12th. TD Securities downgraded shares of Boeing to a “cautious” rating in a report on Thursday, May 22nd. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Finally, Melius Research set a $204.00 price target on Boeing in a research note on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $215.77.

View Our Latest Report on Boeing

Boeing Price Performance

Shares of BA opened at $211.90 on Thursday. The firm has a fifty day moving average price of $200.59 and a 200 day moving average price of $180.77. The stock has a market cap of $159.77 billion, a PE ratio of -11.82 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80.

Boeing (NYSE:BA – Get Free Report) last released 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 business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned ($1.13) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Profile

(Free Report)

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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