2,887 Shares in The Boeing Company (NYSE:BA) Purchased by Capital Advantage Inc.

Capital Advantage Inc. bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,887 shares of the aircraft producer's stock, valued at approximately $511,000.

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

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 sale, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, 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 insiders.

Boeing Trading Up 3.4 %

Boeing stock traded up $6.23 during mid-day trading on Thursday, hitting $191.79. The stock had a trading volume of 15,330,692 shares, compared to its average volume of 9,065,984. The stock has a market capitalization of $144.61 billion, a PE ratio of -10.47 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The stock has a 50-day simple moving average of $165.87 and a two-hundred day simple moving average of $166.38.

Boeing (NYSE:BA - Get Free Report) last announced 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 analyst estimates of $19.57 billion. During the same period last year, the firm earned ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on BA. StockNews.com raised shares of Boeing to a "sell" rating in a research report on Thursday, April 24th. Benchmark reduced their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. TD Securities reissued a "buy" rating and set a $180.00 price target on shares of Boeing in a research report on Thursday, April 24th. Finally, Melius Research set a $204.00 target price on shares of Boeing in a research report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average 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.