Buffington Mohr McNeal Invests $341,000 in The Boeing Company (NYSE:BA)

Buffington Mohr McNeal acquired a new stake in The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,000 shares of the aircraft producer's stock, valued at approximately $341,000.

Other hedge funds also recently made changes to their positions in the company. Amundi raised its stake in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the period. KKM Financial LLC raised its stake in shares of Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the period. Wynn Capital LLC purchased a new stake in shares of Boeing during the first quarter valued at approximately $584,000. Grant Private Wealth Management Inc purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $903,000. Finally, Advanced Portfolio Management LLC raised its stake in shares of Boeing by 182.2% during the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after purchasing an additional 9,684 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BA. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $181.00 to $218.00 in a research note on Monday, April 28th. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Cowen restated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group lifted their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $215.77.

Boeing Stock Up 1.8%

BA stock traded up $3.72 during trading on Friday, hitting $215.75. 4,476,122 shares of the company's stock traded hands, compared to its average volume of 9,497,060. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80. The stock has a fifty day moving average price of $202.13 and a two-hundred day moving average price of $181.36. The stock has a market capitalization of $162.68 billion, a price-to-earnings ratio of -12.04 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business 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 firm earned ($1.13) EPS. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were 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 owned 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company's stock.

About Boeing

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.