Audent Global Asset Management LLC Makes New $351,000 Investment in The Boeing Company (NYSE:BA)

Audent Global Asset Management LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,981 shares of the aircraft producer's stock, valued at approximately $351,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amundi boosted its position in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after purchasing an additional 1,292,417 shares in the last quarter. KKM Financial LLC grew its holdings in Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after buying an additional 5,175 shares in the last quarter. Grant Private Wealth Management Inc purchased a new stake in shares of Boeing in the fourth quarter valued at about $903,000. Tandem Capital Management Corp ADV boosted its stake in shares of Boeing by 65.2% in the 4th quarter. Tandem Capital Management Corp ADV now owns 13,815 shares of the aircraft producer's stock worth $2,445,000 after buying an additional 5,451 shares during the last quarter. Finally, Winslow Asset Management Inc. boosted its position in Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock worth $7,215,000 after purchasing an additional 3,096 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated 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 transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 over the last three months. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BA shares. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. TD Securities lowered shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Finally, Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $204.35.

Boeing Stock Performance

Shares of BA traded down $1.65 during midday trading on Friday, hitting $206.53. The company had a trading volume of 3,727,461 shares, compared to its average volume of 9,186,851. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $212.28. The company's 50-day simple moving average is $178.34 and its 200-day simple moving average is $171.80. The firm has a market capitalization of $155.72 billion, a P/E ratio of -11.27 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS 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 quarter in the prior year, the firm posted ($1.13) earnings per share. Equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.