Fourpath Capital Management LLC Invests $1.39 Million in The Boeing Company (NYSE:BA)

Fourpath Capital Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,120 shares of the aircraft producer's stock, valued at approximately $1,385,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sierra Ocean LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $26,000. American National Bank & Trust boosted its stake 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 period. HighMark Wealth Management LLC increased its position in Boeing by 121.6% during the fourth 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 raised its stake in shares of Boeing by 60.2% in the fourth 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 period. Finally, Anfield Capital Management LLC lifted its holdings in shares of Boeing by 113.1% in 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. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 0.8%

Shares of NYSE:BA traded down $1.72 during 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 Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The company has a 50-day simple moving average of $183.57 and a 200-day simple moving average of $175.53. The firm has a market cap of $162.70 billion, a PE ratio of -11.78 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 analysts' consensus estimates of ($1.39) by $0.90. The firm 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 firm earned ($1.13) earnings per share. The business's revenue was up 17.7% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $729,151.99. Following the completion of the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Benchmark cut their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. UBS Group raised their target price on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Royal Bank of Canada increased their target price on shares of Boeing from $200.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Jefferies Financial Group boosted their price target on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $209.35.

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.