Brookstone Capital Management Purchases 19,635 Shares of The Boeing Company (NYSE:BA)

Brookstone Capital Management increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 185.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,227 shares of the aircraft producer's stock after acquiring an additional 19,635 shares during the period. Brookstone Capital Management's holdings in Boeing were worth $5,155,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. American National Bank & Trust increased its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC grew its stake in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the period. Solstein Capital LLC acquired a new stake in Boeing during the fourth quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. 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. Susquehanna restated a "positive" rating and issued a $240.00 target price (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. TD Securities cut Boeing to a "cautious" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $200.00 price objective on Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $215.77.

Insider Activity

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president owned 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president directly owned 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. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 1.2%

Boeing stock traded up $2.50 during mid-day trading on Monday, hitting $218.42. 5,799,998 shares of the stock were exchanged, compared to its average volume of 9,482,305. The stock has a market capitalization of $164.69 billion, a price-to-earnings ratio of -12.19 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The firm's fifty day simple moving average is $202.13 and its two-hundred day simple moving average is $181.45.

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 firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.13) EPS. As a group, analysts forecast 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.