Goldstone Financial Group LLC Purchases Shares of 1,630 The Boeing Company (NYSE:BA)

Goldstone Financial Group LLC acquired a new position in The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,630 shares of the aircraft producer's stock, valued at approximately $278,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. American National Bank & Trust increased its holdings in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares during the last quarter. HighMark Wealth Management LLC lifted its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. REAP Financial Group LLC lifted its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of Boeing stock traded down $2.80 during midday trading on Wednesday, reaching $197.46. 5,771,910 shares of the company's stock traded hands, compared to its average volume of 9,424,281. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The stock has a 50 day moving average of $190.97 and a 200-day moving average of $177.59. The company has a market cap of $148.89 billion, a PE ratio of -11.02 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last issued 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 business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the business earned ($1.13) earnings per share. The firm's revenue was up 17.7% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on BA. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and raised their target price for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. 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 research note on Wednesday, June 4th. UBS Group raised their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Morgan Stanley set a $200.00 price target on Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Finally, TD Securities downgraded Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Four investment 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $209.85.

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.