Castlekeep Investment Advisors LLC Purchases New Holdings in The Boeing Company (NYSE:BA)

Castlekeep Investment Advisors LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 18,189 shares of the aircraft producer's stock, valued at approximately $3,219,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC lifted its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. Anfield Capital Management LLC grew its holdings in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares during the period. Finally, Heck Capital Advisors LLC bought a new position in Boeing during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Melius raised Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Susquehanna reissued a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. TD Securities lowered shares of Boeing to a "cautious" rating in a research report on Thursday. Finally, Cowen reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average price target of $204.35.

Boeing Stock Down 0.5%

Boeing stock opened at $202.49 on Friday. The stock has a market cap of $152.68 billion, a price-to-earnings ratio of -11.05 and a beta of 1.41. The business has a 50-day simple moving average of $176.17 and a 200 day simple moving average of $170.33. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. The business's revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.13) EPS. On average, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the 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 now directly owns 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last three months. 0.09% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.