Ameriflex Group Inc. Purchases Shares of 1,618 The Boeing Company (NYSE:BA)

Ameriflex Group Inc. purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,618 shares of the aircraft producer's stock, valued at approximately $286,000.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Boeing during the fourth quarter worth $568,000. Alyeska Investment Group L.P. bought a new stake in Boeing in the fourth quarter valued at about $526,889,000. Finally, Zimmer Partners LP bought a new stake in Boeing in the fourth quarter valued at about $393,736,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

NYSE:BA traded down $1.07 during trading hours on Tuesday, reaching $201.29. 5,841,298 shares of the company were exchanged, compared to its average volume of 9,156,486. The company has a market capitalization of $151.77 billion, a P/E ratio of -10.99 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $209.66. The business has a 50 day moving average of $176.77 and a 200 day moving average of $170.98.

Boeing (NYSE:BA - Get Free Report) last issued its 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 company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.13) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BA shares. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. TD Securities downgraded Boeing to a "cautious" rating in a report on Thursday, May 22nd. UBS Group upped 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Finally, Melius Research set a $204.00 target price on Boeing in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was 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 of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares of the company's stock, 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. In the last quarter, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

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.