MFG Wealth Management Inc. Makes New Investment in The Boeing Company (NYSE:BA)

MFG Wealth Management Inc. acquired a new stake in The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,461 shares of the aircraft producer's stock, valued at approximately $2,125,000. Boeing comprises approximately 2.0% of MFG Wealth Management Inc.'s investment portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American National Bank & Trust increased its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC boosted its position in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the period. Anfield Capital Management LLC boosted its position in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the period. Dogwood Wealth Management LLC boosted its position in shares of Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the period. Finally, Solstein Capital LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Benchmark cut their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the stock an "equal weight" rating in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $215.77.

Insider Activity

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 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 approximately $7,950,356.13. This represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 over the last quarter. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 5.9%

Shares of BA stock traded up $11.98 on Friday, reaching $214.56. The company had a trading volume of 14,787,018 shares, compared to its average volume of 9,472,166. The stock has a market capitalization of $161.78 billion, a PE ratio of -11.97 and a beta of 1.43. The Boeing Company has a one year low of $128.88 and a one year high of $218.80. The business's 50-day moving average is $197.85 and its 200 day moving average is $180.07.

Boeing (NYSE:BA - Get Free Report) last posted its 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 period last year, the company posted ($1.13) EPS. The firm's revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.