Banque Cantonale Vaudoise Invests $682,000 in The Boeing Company (NYSE:BA)

by · The Cerbat Gem

Banque Cantonale Vaudoise acquired a new position in shares of The Boeing Company (NYSE:BA – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 4,000 shares of the aircraft producer’s stock, valued at approximately $682,000.

Other large investors also recently modified their holdings of the company. American National Bank & Trust increased its position in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC increased its position in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC increased its position in shares of Boeing by 167.2% during 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 period. Solstein Capital LLC acquired a new stake in shares of Boeing during the fourth quarter worth $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Boeing during the fourth quarter worth $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BA shares. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a report on Wednesday. Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. TD Securities cut shares of Boeing to a “cautious” rating in a report on Thursday, May 22nd. Finally, Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $228.73.

Get Our Latest Analysis on BA

Boeing Price Performance

BA opened at $221.87 on Friday. The firm has a market capitalization of $167.77 billion, a P/E ratio of -13.44 and a beta of 1.41. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The company’s 50-day moving average is $214.84 and its 200 day moving average is $188.30.

Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the company posted ($2.90) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing 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 approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated 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 directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Boeing Company 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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