The Boeing Company (NYSE:BA) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in The Boeing Company (NYSE:BA - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,838 shares of the aircraft producer's stock after purchasing an additional 4,172 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Boeing were worth $4,577,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Marks Wealth LLC bought a new stake in Boeing during the first quarter worth about $208,000. Olde Wealth Management LLC bought a new stake in Boeing during the first quarter worth about $169,000. Capital Investment Advisory Services LLC lifted its stake in Boeing by 2.3% during the first quarter. Capital Investment Advisory Services LLC now owns 4,063 shares of the aircraft producer's stock worth $693,000 after purchasing an additional 92 shares during the last quarter. Columbia River Financial Group LLC bought a new stake in Boeing during the first quarter worth about $50,000. Finally, Phil A. Younker & Associates Ltd. bought a new stake in Boeing during the first quarter worth about $283,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and lifted their price target for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, TD Securities downgraded Boeing to a "cautious" rating in a report on Thursday, May 22nd. Four 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $215.77.

Boeing Stock Up 1.2%

BA stock traded up $2.50 during trading on Monday, hitting $218.42. 5,799,998 shares of the company's stock traded hands, compared to its average volume of 9,482,305. The firm has a market capitalization of $164.69 billion, a P/E ratio of -12.19 and a beta of 1.41. The business has a fifty day simple moving average of $202.13 and a two-hundred day simple moving average of $181.45. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) 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 analysts' expectations of $19.57 billion. The business's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.13) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president directly owned 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The stock was 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 directly owned 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% 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 valued at $1,511,370 over the last ninety days. 0.09% of the stock is owned by company insiders.

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.