First Interstate Bank Makes New $205,000 Investment in The Boeing Company $BA

First Interstate Bank bought a new position in The Boeing Company (NYSE:BA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 976 shares of the aircraft producer’s stock, valued at approximately $205,000.

Other large investors have also added to or reduced their stakes in the company. Vestcor Inc grew its stake in shares of Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after acquiring an additional 1,195 shares during the last quarter. National Pension Service grew its stake in shares of Boeing by 19.6% during the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after acquiring an additional 218,049 shares during the last quarter. MFG Wealth Management Inc. purchased a new stake in shares of Boeing during the first quarter worth about $2,125,000. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Boeing during the second quarter worth about $62,859,000. Finally, Kelman Lazarov Inc. purchased a new stake in shares of Boeing during the first quarter worth about $262,000. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup restated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Susquehanna reiterated a “positive” rating and issued a $270.00 target price on shares of Boeing in a research report on Monday, September 15th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. upped their target price on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $240.20.

Boeing Price Performance

NYSE:BA opened at $213.09 on Monday. The firm has a market cap of $161.13 billion, a price-to-earnings ratio of -12.91 and a beta of 1.47. The company has a 50 day moving average price of $223.10 and a 200-day moving average price of $208.23. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. Boeing’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period last year, the business posted ($2.90) earnings per share. On average, sell-side 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.