Consilium Wealth Advisory LLC Invests $582,000 in The Boeing Company (NYSE:BA)

Consilium Wealth Advisory LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,410 shares of the aircraft producer's stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Inscription Capital LLC acquired a new position in shares of Boeing during the 1st quarter worth about $2,130,000. Fortitude Advisory Group L.L.C. bought a new stake in Boeing during the first quarter worth about $299,000. Grove Bank & Trust boosted its position in Boeing by 72.5% during the first quarter. Grove Bank & Trust now owns 1,149 shares of the aircraft producer's stock valued at $196,000 after purchasing an additional 483 shares during the last quarter. Claris Advisors LLC MO grew its stake in Boeing by 56.9% in the first quarter. Claris Advisors LLC MO now owns 3,236 shares of the aircraft producer's stock valued at $552,000 after purchasing an additional 1,174 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Boeing by 15.0% during the 1st quarter. QRG Capital Management Inc. now owns 66,003 shares of the aircraft producer's stock worth $11,257,000 after purchasing an additional 8,591 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE:BA traded down $2.64 during mid-day trading on Wednesday, reaching $197.62. 7,910,147 shares of the company's stock were exchanged, compared to its average volume of 9,444,271. The Boeing Company has a one year low of $128.88 and a one year high of $218.80. The business's fifty day simple moving average is $190.97 and its two-hundred day simple moving average is $177.59. The firm has a market capitalization of $149.01 billion, a PE ratio of -11.03 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last released 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 business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The firm's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing 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 transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were 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 in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last three months. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. UBS Group increased their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the company an "equal weight" rating in a research report on Thursday, June 12th. Susquehanna reaffirmed a "positive" rating and issued a $240.00 target price (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Finally, Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and an average target price of $209.85.

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.