Abundance Wealth Counselors Purchases Shares of 1,388 The Boeing Company (NYSE:BA)

Abundance Wealth Counselors bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,388 shares of the aircraft producer's stock, valued at approximately $237,000.

Several other large investors have also bought and sold shares of the company. Keynote Financial Services LLC increased its position in Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares during the period. Trek Financial LLC grew its position in shares of Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after buying an additional 60 shares during the period. Colonial Trust Co SC grew its position in shares of Boeing by 6.1% during the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after buying an additional 60 shares during the period. Transcend Capital Advisors LLC grew its position in shares of Boeing by 1.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock worth $871,000 after buying an additional 61 shares during the period. Finally, HBW Advisory Services LLC grew its position in shares of Boeing by 4.3% during the 1st quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock worth $266,000 after buying an additional 64 shares during the period. Institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction 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 transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction 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 of the company's stock, valued at $4,161,472.31. The trade was 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 over the last three months. Company insiders own 0.09% of the company's stock.

Boeing Stock Up 0.4%

Boeing stock opened at $198.41 on Friday. The stock has a market capitalization of $149.60 billion, a PE ratio of -11.07 and a beta of 1.43. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80. The company has a 50 day moving average of $193.38 and a 200-day moving average of $178.31.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping 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. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted ($1.13) earnings per share. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BA shares. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. UBS Group boosted their target price on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, TD Securities lowered Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $209.85.

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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.