Guerra Pan Advisors LLC Increases Stake in The Boeing Company (NYSE:BA)

Guerra Pan Advisors LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,084 shares of the aircraft producer’s stock after purchasing an additional 1,363 shares during the period. Boeing makes up about 1.8% of Guerra Pan Advisors LLC’s portfolio, making the stock its 18th biggest position. Guerra Pan Advisors LLC’s holdings in Boeing were worth $2,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in Boeing during the fourth quarter worth $201,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Boeing in the fourth quarter worth about $7,837,000. Smartleaf Asset Management LLC boosted its stake in shares of Boeing by 26.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,802 shares of the aircraft producer’s stock worth $495,000 after acquiring an additional 591 shares in the last quarter. Bailard Inc. grew its position in shares of Boeing by 18.5% during the 4th quarter. Bailard Inc. now owns 1,624 shares of the aircraft producer’s stock valued at $287,000 after acquiring an additional 253 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Boeing by 25.2% during the 4th quarter. Jones Financial Companies Lllp now owns 53,738 shares of the aircraft producer’s stock valued at $9,512,000 after acquiring an additional 10,808 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president directly owned 42,513 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 over the last quarter. 0.09% of the stock is owned by insiders.

Boeing Trading Up 0.2%

Shares of BA opened at $209.95 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 $158.30 billion, a P/E ratio of -11.72 and a beta of 1.41. The firm has a 50-day moving average price of $199.80 and a 200 day moving average price of $180.55.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned ($1.13) EPS. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company reiterated an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a “cautious” rating on shares of Boeing in a research note on Thursday, June 12th. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and increased their target price for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a report on Friday, June 27th. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.77.

Boeing 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.