KWB Wealth Acquires New Shares in The Boeing Company (NYSE:BA)

KWB Wealth acquired a new stake in shares of The Boeing Company (NYSE:BA) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,769 shares of the aircraft producer’s stock, valued at approximately $313,000.

Several other hedge funds also recently modified their holdings of BA. Vanguard Group Inc. lifted its holdings in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC lifted its holdings in Boeing by 29.5% during 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 buying an additional 3,452,075 shares during the period. Northern Trust Corp lifted its holdings in Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock worth $1,151,316,000 after buying an additional 1,634,231 shares during the period. Fisher Asset Management LLC lifted its holdings in Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock worth $890,469,000 after buying an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after buying an additional 981,796 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In other news, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now directly owns 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. 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 three months. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $212.09 on Thursday. The stock has a 50 day moving average price of $180.96 and a two-hundred day moving average price of $173.74. The firm has a market capitalization of $159.92 billion, a P/E ratio of -11.58 and a beta of 1.41. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $215.80.

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

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Morgan Stanley reissued an “equal weight” 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. Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Finally, Benchmark dropped their price objective on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.85.

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.