Toronto Dominion Bank Grows Position in The Boeing Company (NYSE:BA)

Toronto Dominion Bank grew its stake in The Boeing Company (NYSE:BA) by 68.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,273 shares of the aircraft producer’s stock after buying an additional 183,405 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Boeing worth $79,698,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BA. Carnegie Investment Counsel lifted its position in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 2,943 shares in the last quarter. Amundi raised its stake in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the period. KKM Financial LLC lifted its holdings in Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock worth $2,720,000 after purchasing an additional 5,175 shares in the last quarter. Grant Private Wealth Management Inc bought a new position in Boeing in the 4th quarter worth approximately $903,000. Finally, Tandem Capital Management Corp ADV raised its position in shares of Boeing by 65.2% during the fourth quarter. Tandem Capital Management Corp ADV now owns 13,815 shares of the aircraft producer’s stock valued at $2,445,000 after buying an additional 5,451 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.2%

Shares of Boeing stock opened at $205.88 on Friday. The stock’s fifty day moving average is $171.81 and its two-hundred day moving average is $168.65. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The company has a market capitalization of $155.23 billion, a PE ratio of -11.24 and a beta of 1.41.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the company posted ($1.13) earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BA shares. Melius Research set a $204.00 target price on shares of Boeing in a research note on Monday, March 24th. TD Securities restated a “buy” rating and set a $180.00 price objective on shares of Boeing in a research report on Thursday, April 24th. UBS Group boosted their target price on Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Finally, Morgan Stanley upped their price objective on Boeing from $185.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $204.35.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’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 transaction, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,263 shares of company stock valued at $1,950,150. 0.09% of the stock is currently owned by company insiders.

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.