The Boeing Company (NYSE:BA) Stock Holdings Boosted by Independent Wealth Network Inc.

Independent Wealth Network Inc. grew its holdings in The Boeing Company (NYSE:BA) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,861 shares of the aircraft producer’s stock after purchasing an additional 160 shares during the period. Independent Wealth Network Inc.’s holdings in Boeing were worth $829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC raised its position in 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 purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp raised its position in Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing during the fourth quarter worth $568,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Boeing in the 4th quarter valued at $526,889,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BA. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Boeing from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Friday, June 27th. Finally, UBS Group lifted their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $221.55.

Insider Activity

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company’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 transaction, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president directly owned 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 0.5%

Shares of Boeing stock opened at $231.00 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $233.61. The stock has a market cap of $174.17 billion, a price-to-earnings ratio of -12.89 and a beta of 1.41. The company’s fifty day moving average is $209.57 and its 200 day moving average is $184.37.

Boeing (NYSE:BA) last announced 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 analyst estimates 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 period in the prior year, the firm earned ($1.13) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing Company 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.