Blue Zone Wealth Advisors LLC Boosts Holdings in The Boeing Company (NYSE:BA)

Blue Zone Wealth Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 11.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,056 shares of the aircraft producer's stock after purchasing an additional 2,492 shares during the period. Blue Zone Wealth Advisors LLC's holdings in Boeing were worth $4,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Amundi increased its holdings in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. KKM Financial LLC increased its holdings in Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the last quarter. Grant Private Wealth Management Inc bought a new stake in Boeing in the 4th quarter valued at $903,000. Winslow Asset Management Inc. increased its holdings in Boeing by 8.2% in the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after acquiring an additional 3,096 shares during the last quarter. Finally, Advanced Portfolio Management LLC increased its holdings in Boeing by 182.2% in the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after acquiring an additional 9,684 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,899 shares of the business's 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 sale, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The transaction 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 business's stock in a transaction that occurred 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 approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Up 1.0%

BA traded up $2.01 on Friday, reaching $211.03. 6,069,723 shares of the company traded hands, compared to its average volume of 9,239,457. The Boeing Company has a one year low of $128.88 and a one year high of $215.80. The firm has a fifty day simple moving average of $182.59 and a two-hundred day simple moving average of $174.84. The company has a market cap of $159.12 billion, a P/E ratio of -11.52 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the business earned ($1.13) EPS. The company's quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Susquehanna reiterated a "positive" rating and issued a $240.00 price target (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Citigroup reissued a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Finally, Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $260.00 in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $207.85.

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.