Castlekeep Investment Advisors LLC Acquires New Shares in The Boeing Company (NYSE:BA)

Castlekeep Investment Advisors LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,211,665 shares of the aircraft producer's stock, valued at approximately $568,000. Castlekeep Investment Advisors LLC owned about 0.43% of Boeing as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC increased its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

Boeing stock traded down $0.21 during midday trading on Wednesday, hitting $185.75. 6,094,324 shares of the stock were exchanged, compared to its average volume of 9,024,452. The company has a 50 day moving average price of $165.87 and a two-hundred day moving average price of $166.38. The firm has a market cap of $140.05 billion, a P/E ratio of -10.14 and a beta of 1.41. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS 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 posted ($1.13) EPS. The company's revenue was up 17.7% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred on 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 owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade 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.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BA. Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. Susquehanna raised their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. Finally, Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.