1,457 Shares in The Boeing Company (NYSE:BA) Bought by Pines Wealth Management LLC

Pines Wealth Management LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,457 shares of the aircraft producer's stock, valued at approximately $248,000.

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

Analyst Ratings Changes

A number of research firms have recently commented on BA. TD Securities cut Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Jefferies Financial Group increased their price objective on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.85.

Boeing Trading Up 1.0%

NYSE BA opened at $211.03 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $215.80. The stock has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The company's 50 day moving average is $182.59 and its two-hundred day moving average is $174.84.

Boeing (NYSE:BA - Get Free Report) last released 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 firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the business posted ($1.13) EPS. Boeing's revenue was up 17.7% on a year-over-year basis. Sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing 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 owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred 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 sale, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. Company insiders own 0.09% of the company's stock.

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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