Ascent Group LLC Acquires New Shares in The Boeing Company (NYSE:BA)

Ascent Group LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,621 shares of the aircraft producer's stock, valued at approximately $464,000.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in Boeing in the fourth quarter worth $28,000. HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares in the last quarter. Anfield Capital Management LLC boosted its stake in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in Boeing in the 4th quarter valued at $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA traded down $1.12 during trading on Friday, reaching $207.06. The company had a trading volume of 7,476,210 shares, compared to its average volume of 9,236,131. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $212.28. The business's 50 day moving average price is $178.83 and its 200-day moving average price is $172.45. The stock has a market cap of $156.12 billion, a PE ratio of -11.30 and a beta of 1.41.

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 for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the business earned ($1.13) EPS. The business's revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

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 completion of the sale, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Finally, Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.