1,312 Shares in The Boeing Company (NYSE:BA) Acquired by Lesa Sroufe & Co

Lesa Sroufe & Co bought a new position in The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,312 shares of the aircraft producer's stock, valued at approximately $224,000.

A number of other hedge funds have also recently modified their holdings of the business. Keynote Financial Services LLC lifted its stake in Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares in the last quarter. Trek Financial LLC grew its holdings in Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after purchasing an additional 60 shares during the last quarter. Colonial Trust Co SC grew its stake in Boeing by 6.1% in the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after acquiring an additional 60 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock worth $871,000 after acquiring an additional 61 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its position in shares of Boeing by 4.3% in the 1st quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock worth $266,000 after purchasing an additional 64 shares during the period. Institutional investors own 64.82% of the company's stock.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the business's 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 in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. Corporate insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BA shares. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the stock an "equal weight" rating in a research note on Thursday, June 12th. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Finally, Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and a consensus price target of $209.85.

Boeing Price Performance

Shares of BA stock opened at $201.74 on Tuesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The company has a market capitalization of $152.11 billion, a PE ratio of -11.01 and a beta of 1.43. The firm's 50-day moving average is $190.18 and its two-hundred day moving average is $177.43.

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 for the quarter, beating 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. Boeing's revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.13) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current 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.

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