The Boeing Company (NYSE:BA) Shares Bought by Family Legacy Inc.

Family Legacy Inc. increased its position in The Boeing Company (NYSE:BA) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,198 shares of the aircraft producer’s stock after acquiring an additional 210 shares during the period. Family Legacy Inc.’s holdings in Boeing were worth $2,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% in the 4th 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 during the period. Geode Capital Management LLC grew its holdings in shares of Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. acquired a new stake in shares of Boeing in the 4th quarter worth approximately $526,889,000. Finally, Zimmer Partners LP acquired a new stake in shares of Boeing in the 4th quarter worth approximately $393,736,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $201.38 on Tuesday. The company has a market capitalization of $151.84 billion, a PE ratio of -11.24 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. The business has a 50-day moving average of $194.23 and a 200-day moving average of $178.93.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted ($1.13) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. TD Securities cut Boeing to a “cautious” rating in a report on Thursday, May 22nd. Morgan Stanley set a $200.00 target price on Boeing and gave the company an “equal weight” rating in a report on Thursday, June 12th. Finally, Royal Bank Of Canada reiterated a “cautious” rating on shares of Boeing in a report on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $209.85.

Insider Buying and Selling

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at $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 available at this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,744 shares of company stock worth $1,511,370. Corporate insiders own 0.09% of the company’s stock.

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.