Perkins Coie Trust Co Buys 153 Shares of The Boeing Company (NYSE:BA)

Perkins Coie Trust Co increased its stake in The Boeing Company (NYSE:BA) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,643 shares of the aircraft producer’s stock after purchasing an additional 153 shares during the period. Boeing accounts for 1.6% of Perkins Coie Trust Co’s portfolio, making the stock its 13th largest holding. Perkins Coie Trust Co’s holdings in Boeing were worth $7,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in Boeing during the 4th quarter worth $201,000. Money Concepts Capital Corp grew its holdings in Boeing by 13.1% during the 4th quarter. Money Concepts Capital Corp now owns 2,177 shares of the aircraft producer’s stock worth $385,000 after acquiring an additional 253 shares during the period. Tyche Wealth Partners LLC grew its holdings in Boeing by 11.1% during the 4th quarter. Tyche Wealth Partners LLC now owns 3,001 shares of the aircraft producer’s stock worth $531,000 after acquiring an additional 300 shares during the period. Trilogy Capital Inc. acquired a new stake in Boeing during the 4th quarter worth $211,000. Finally, Bleakley Financial Group LLC grew its holdings in Boeing by 0.8% during the 4th quarter. Bleakley Financial Group LLC now owns 14,921 shares of the aircraft producer’s stock worth $2,641,000 after acquiring an additional 119 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $211.03 on Friday. The firm has a 50-day moving average of $182.59 and a 200-day moving average of $174.64. The Boeing Company has a one year low of $128.88 and a one year high of $215.80. The company has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS 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 company earned ($1.13) earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side 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 the firm’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 sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Wall Street Zen lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Finally, Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $207.85.

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.