PDS Planning Inc Has $626,000 Stock Holdings in The Boeing Company (NYSE:BA)

PDS Planning Inc increased its stake in The Boeing Company (NYSE:BA) by 22.1% in the 1st quarter, Holdings Channel reports. The firm owned 3,673 shares of the aircraft producer’s stock after purchasing an additional 664 shares during the period. PDS Planning Inc’s holdings in Boeing were worth $626,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. American National Bank & Trust lifted its holdings in Boeing by 474.1% in the 1st 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 last quarter. REAP Financial Group LLC lifted its holdings in Boeing by 60.2% in the 4th 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 last quarter. Anfield Capital Management LLC lifted its holdings in Boeing by 113.1% in the 4th 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 last quarter. Dogwood Wealth Management LLC lifted its holdings in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Finally, Solstein Capital LLC acquired a new stake in Boeing in the 4th quarter worth approximately $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of Boeing stock opened at $202.61 on Friday. The firm has a market capitalization of $152.77 billion, a PE ratio of -11.31 and a beta of 1.43. The company’s fifty day moving average price is $196.80 and its two-hundred day moving average price is $179.54. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $218.80.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.13) EPS. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares in the company, 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. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last 90 days. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BA shares. TD Securities lowered Boeing to a “cautious” rating in a report on Thursday, May 22nd. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Bank of America raised Boeing from a “neutral” rating to a “buy” rating and increased their price objective for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Finally, UBS Group upped their target price 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, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.85.

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.