State of Alaska Department of Revenue Has $14.98 Million Stock Position in The Boeing Company (NYSE:BA)

State of Alaska Department of Revenue lifted its position in shares of The Boeing Company (NYSE:BA) by 3.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 87,844 shares of the aircraft producer’s stock after buying an additional 2,590 shares during the quarter. State of Alaska Department of Revenue’s holdings in Boeing were worth $14,981,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter worth $26,000. American National Bank & Trust increased its position in shares of Boeing by 474.1% in the first 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 period. HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. REAP Financial Group LLC increased its position in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after purchasing an additional 65 shares during the period. Finally, Anfield Capital Management LLC increased its position in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BA shares. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Cowen reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Finally, Melius Research set a $204.00 target price on Boeing in a research report on Monday, March 24th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.85.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were 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 owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president now owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of NYSE BA opened at $200.21 on Wednesday. The company has a 50 day simple moving average of $190.97 and a 200 day simple moving average of $177.59. The firm has a market cap of $150.96 billion, a PE ratio of -11.17 and a beta of 1.43. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business earned ($1.13) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.