Peoples Bank OH acquired a new stake in shares of The Boeing Company (NYSE:BA) during the 1st quarter, HoldingsChannel reports. The fund acquired 1,524 shares of the aircraft producer’s stock, valued at approximately $388,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. RBA Wealth Management LLC acquired a new stake in shares of The Boeing in the first quarter valued at about $26,000. DB Wealth Management Group LLC acquired a new stake in shares of The Boeing in the fourth quarter valued at about $28,000. Albion Financial Group UT acquired a new stake in The Boeing during the fourth quarter worth about $30,000. Cowa LLC acquired a new stake in The Boeing during the fourth quarter worth about $32,000. Finally, Kathmere Capital Management LLC increased its position in The Boeing by 188.7% during the fourth quarter. Kathmere Capital Management LLC now owns 153 shares of the aircraft producer’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. 51.41% of the stock is currently owned by institutional investors and hedge funds.
BA stock opened at $234.06 on Wednesday. The Boeing Company has a one year low of $113.89 and a one year high of $278.57. The stock has a market capitalization of $136.46 billion, a PE ratio of -29.67, a price-to-earnings-growth ratio of 101.91 and a beta of 1.65. The company has a fifty day moving average of $247.89 and a 200-day moving average of $211.36.
In other news, EVP Timothy John Keating sold 21,737 shares of the stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $202.15, for a total value of $4,394,134.55. Following the completion of the transaction, the executive vice president now owns 101,817 shares in the company, valued at approximately $20,582,306.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore Colbert III sold 5,000 shares of the stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $200.80, for a total transaction of $1,004,000.00. Following the completion of the transaction, the chief executive officer now owns 49,846 shares of the company’s stock, valued at approximately $10,009,076.80. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
Several equities research analysts recently issued reports on BA shares. Zacks Investment Research cut shares of The Boeing from a “hold” rating to a “sell” rating and set a $215.00 price objective for the company. in a research report on Tuesday, January 5th. Morgan Stanley raised their price objective on shares of The Boeing from $250.00 to $274.00 and gave the stock an “overweight” rating in a research report on Monday, March 22nd. Nord/LB cut shares of The Boeing from a “hold” rating to a “sell” rating in a research report on Thursday, January 28th. UBS Group restated a “buy” rating and set a $285.00 price objective on shares of The Boeing in a research report on Thursday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of The Boeing from $230.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, April 14th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. The Boeing currently has an average rating of “Hold” and a consensus target price of $233.25.
The Boeing Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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