Strong Tower Advisory Services Invests $6.65 Million in The Boeing Company (NYSE:BA)

Strong Tower Advisory Services purchased a new position in The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,015 shares of the aircraft producer's stock, valued at approximately $6,654,000. Boeing makes up about 1.6% of Strong Tower Advisory Services' portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new stake in Boeing during the 4th quarter worth $26,000. American National Bank & Trust boosted its position in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. HighMark Wealth Management LLC boosted its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. REAP Financial Group LLC boosted its position in shares of 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 acquiring an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC boosted its position 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 valued at $32,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm'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 transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm'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 transaction, the executive vice president now owns 20,513 shares in the company, 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. Insiders have sold 7,744 shares of company stock worth $1,511,370 over the last three months. Insiders own 0.09% of the company's stock.

Boeing Trading Down 0.4%

NYSE:BA traded down $0.89 during mid-day trading on Thursday, hitting $211.09. The stock had a trading volume of 2,009,642 shares, compared to its average volume of 9,191,950. The stock has a 50-day simple moving average of $180.96 and a two-hundred day simple moving average of $173.74. The company has a market capitalization of $159.16 billion, a PE ratio of -11.52 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $215.80.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The business's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.13) earnings per share. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday. UBS Group boosted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Benchmark lowered their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and increased their target price for the stock from $185.00 to $260.00 in a research note on Monday. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $207.85.

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.