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

State of Alaska Department of Revenue lifted its stake in shares of The Boeing Company (NYSE:BA) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in Boeing in the 4th quarter valued at $26,000. American National Bank & Trust boosted its holdings in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. HighMark Wealth Management LLC boosted its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. REAP Financial Group LLC boosted its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC boosted its holdings in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated an “underweight” rating on shares of Boeing in a research note on Thursday, May 22nd. Jefferies Financial Group boosted their price objective on Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Finally, Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.85.

Boeing Trading Down 0.7%

Shares of NYSE BA opened at $200.21 on Wednesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The firm has a market capitalization of $150.96 billion, a price-to-earnings ratio of -11.17 and a beta of 1.43. The business has a 50-day moving average of $190.97 and a 200-day moving average of $177.59.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same period in the previous year, the firm posted ($1.13) EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company’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 value of $729,151.99. Following the completion of the sale, the executive vice president now owns 42,513 shares of the company’s stock, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s 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 sale, the executive vice president now directly owns 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by corporate insiders.

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.