Bulltick Wealth Management LLC Invests $353,000 in The Boeing Company (NYSE:BA)

Bulltick Wealth Management LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,995 shares of the aircraft producer's stock, valued at approximately $353,000.

Other large investors also recently modified their holdings of the company. Keynote Financial Services LLC raised its holdings in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. grew its holdings in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after buying an additional 59 shares during the last quarter. Center for Financial Planning Inc. boosted its position in Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after acquiring an additional 60 shares during the last quarter. Finally, Trek Financial LLC grew its stake in shares of Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after acquiring an additional 60 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

NYSE BA traded down $0.21 on Wednesday, reaching $185.75. The stock had a trading volume of 6,094,324 shares, compared to its average volume of 9,024,452. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company has a market cap of $140.05 billion, a P/E ratio of -10.14 and a beta of 1.41. The firm has a fifty day moving average of $165.66 and a two-hundred day moving average of $166.25.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the firm earned ($1.13) EPS. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BA. Morgan Stanley lifted their price target on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Wells Fargo & Company reaffirmed an "underweight" rating and set a $140.00 price target (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Finally, Cowen reissued a "buy" rating on shares of Boeing in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.90.

Boeing Company 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.