D.A. Davidson & CO. Has $24.82 Million Stake in The Boeing Company (NYSE:BA)

D.A. Davidson & CO. raised its stake in The Boeing Company (NYSE:BA) by 21.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,534 shares of the aircraft producer’s stock after purchasing an additional 25,700 shares during the quarter. D.A. Davidson & CO.’s holdings in Boeing were worth $24,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust lifted its stake in shares of 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 buying an additional 128 shares during the last quarter. REAP Financial Group LLC raised 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 valued at $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC lifted its position in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Solstein Capital LLC acquired a new stake in Boeing during the fourth quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing during the fourth quarter worth approximately $33,000. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BA shares. Benchmark lowered their target price on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Susquehanna reaffirmed a “positive” rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research report on Friday, June 27th. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and lifted their target price for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Finally, Morgan Stanley set a $200.00 price target on shares of Boeing and gave the company an “equal weight” rating in a research note on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $215.77.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the 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 completion of the transaction, the executive vice president owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last 90 days. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $211.90 on Thursday. The firm has a 50 day simple moving average of $200.59 and a two-hundred day simple moving average of $180.77. The Boeing Company has a one year low of $128.88 and a one year high of $218.80. The company has a market cap of $159.77 billion, a P/E ratio of -11.82 and a beta of 1.41.

Boeing (NYSE:BA) last issued 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. During the same quarter in the previous year, the business posted ($1.13) EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.