Global Assets Advisory LLC Buys 25,516 Shares of The Boeing Company (NYSE:BA)

Global Assets Advisory LLC grew its stake in The Boeing Company (NYSE:BA - Free Report) by 244.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,947 shares of the aircraft producer's stock after purchasing an additional 25,516 shares during the quarter. Boeing makes up about 1.1% of Global Assets Advisory LLC's holdings, making the stock its 21st largest position. Global Assets Advisory LLC's holdings in Boeing were worth $6,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. American National Bank & Trust increased its stake in Boeing by 474.1% in the 1st 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 last quarter. REAP Financial Group LLC grew its holdings in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Anfield Capital Management LLC grew its holdings in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares in the last quarter. Dogwood Wealth Management LLC increased its position in shares of 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 acquiring an additional 112 shares during the last quarter. Finally, Solstein Capital LLC bought a new stake in Boeing during the fourth quarter worth $33,000. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Benchmark reduced their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Jefferies Financial Group raised 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. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. Finally, Morgan Stanley set a $200.00 price objective on Boeing and gave the company an "equal weight" rating in a report on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $209.85.

Boeing Stock Performance

BA traded up $3.71 on Thursday, reaching $202.61. The company had a trading volume of 6,923,477 shares, compared to its average volume of 9,419,990. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $218.80. The company has a market cap of $152.77 billion, a price-to-earnings ratio of -11.31 and a beta of 1.43. The business has a 50 day simple moving average of $195.98 and a 200 day simple moving average of $179.22.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter last year, the business posted ($1.13) EPS. The business's quarterly revenue was up 17.7% compared to the same quarter last year. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 over the last 90 days. Corporate insiders own 0.09% of the company's stock.

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.