The Boeing Company (NYSE:BA) Stock Holdings Increased by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 31.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,928 shares of the aircraft producer's stock after buying an additional 5,739 shares during the period. Boeing comprises approximately 2.1% of Castlekeep Investment Advisors LLC's holdings, making the stock its 13th biggest holding. Castlekeep Investment Advisors LLC's holdings in Boeing were worth $4,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American National Bank & Trust grew its holdings in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC grew its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Solstein Capital LLC acquired a new position in Boeing during the 4th quarter worth $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

In other Boeing 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 transaction of $729,151.99. Following the sale, the executive vice president directly owned 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the senior vice president owned 13,258 shares in the company, valued at $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. In the last three months, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Cowen reissued a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a report on Monday. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and lifted their price target for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Susquehanna reaffirmed a "positive" rating on shares of Boeing in a report on Monday. Finally, Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Four equities 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 given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus target price of $221.55.

Boeing Trading Down 0.6%

Boeing stock traded down $1.33 during midday trading on Thursday, reaching $228.57. 2,975,665 shares of the stock traded hands, compared to its average volume of 9,537,516. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $233.61. The firm has a market cap of $172.34 billion, a price-to-earnings ratio of -12.76 and a beta of 1.41. The firm has a fifty day moving average price of $208.78 and a two-hundred day moving average price of $183.99.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping 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 last year, the firm posted ($1.13) earnings per share. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.