Capital Advisors Inc. OK Invests $202,000 in The Boeing Company (NYSE:BA)

Capital Advisors Inc. OK purchased a new position in The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,184 shares of the aircraft producer's stock, valued at approximately $202,000.

A number of other large investors have also recently made changes to their positions in BA. American National Bank & Trust grew its position in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC grew its position in Boeing by 60.2% during the fourth 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 period. Dogwood Wealth Management LLC grew its position in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 112 shares during the period. Solstein Capital LLC bought a new stake in Boeing during the fourth quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing during the fourth quarter valued at approximately $33,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

NYSE:BA opened at $218.55 on Wednesday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $220.00. The company has a 50-day moving average of $203.59 and a 200 day moving average of $181.99. The firm has a market cap of $164.79 billion, a PE ratio of -12.20 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same period last year, the company earned ($1.13) earnings per share. The firm's revenue was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred 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 owned 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president directly owned 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from $180.00 to $275.00 in a report on Friday, June 27th. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Susquehanna reissued a "positive" rating and issued a $240.00 target price (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Jefferies Financial Group boosted their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $215.77.

Boeing 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.

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