BridgePort Financial Solutions LLC Invests $272,000 in The Boeing Company (NYSE:BA)

BridgePort Financial Solutions LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,564 shares of the aircraft producer's stock, valued at approximately $272,000.

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

Insider Activity at Boeing

In other Boeing 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 value of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business'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 transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. TD Securities downgraded Boeing to a "cautious" rating in a research note on Thursday, May 22nd. 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 report on Friday, May 9th. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Citigroup restated a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Price Performance

Shares of BA traded down $1.12 during mid-day trading on Friday, reaching $207.06. The stock had a trading volume of 7,472,447 shares, compared to its average volume of 9,201,172. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $212.28. The firm has a market cap of $156.12 billion, a price-to-earnings ratio of -11.30 and a beta of 1.41. The business's fifty day moving average is $178.34 and its 200 day moving average is $171.80.

Boeing (NYSE:BA - Get Free Report) last released its 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 business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the company earned ($1.13) earnings per share. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS 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.