5,704 Shares in The Boeing Company (NYSE:BA) Bought by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,704 shares of the aircraft producer's stock, valued at approximately $973,000.

A number of other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $26,000. American National Bank & Trust boosted its holdings 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 worth $26,000 after buying an additional 128 shares during the period. HighMark Wealth Management LLC grew 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 buying an additional 90 shares during the last quarter. REAP Financial Group LLC raised its holdings in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares during the period. Finally, Anfield Capital Management LLC lifted its position in 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 acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The stock was 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 directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% 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 David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last 90 days. Insiders own 0.09% of the company's stock.

Boeing Stock Down 0.8%

BA stock traded down $1.72 during midday trading on Tuesday, reaching $215.79. 8,180,746 shares of the company's stock traded hands, compared to its average volume of 9,235,961. The company has a 50-day simple moving average of $183.57 and a two-hundred day simple moving average of $175.53. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The company has a market cap of $162.70 billion, a price-to-earnings ratio of -11.78 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) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the company earned ($1.13) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Jefferies Financial Group upped their target price on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Cowen reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, TD Securities lowered shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Three research 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $209.35.

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.