1,274 Shares in The Boeing Company (NYSE:BA) Acquired by US Asset Management LLC

US Asset Management LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,274 shares of the aircraft producer's stock, valued at approximately $225,000.

A number of other large investors have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the 4th quarter valued at $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. Anfield Capital Management LLC grew its holdings in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 95 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $203.39 on Friday. The company's fifty day moving average is $175.36 and its two-hundred day moving average is $169.97. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $209.66. The stock has a market capitalization of $153.36 billion, a price-to-earnings ratio of -11.10 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate 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. The company's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the business posted ($1.13) EPS. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related 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 directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on BA shares. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and increased their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.