Golden State Wealth Management LLC Increases Stock Position in The Boeing Company (NYSE:BA)

Golden State Wealth Management LLC grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 38.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,250 shares of the aircraft producer's stock after buying an additional 1,454 shares during the quarter. Golden State Wealth Management LLC's holdings in Boeing were worth $896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after acquiring an additional 3,452,075 shares during the period. Northern Trust Corp increased its stake in Boeing by 33.6% during the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after buying an additional 1,634,231 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter worth $568,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Boeing in the fourth quarter valued at $526,889,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BA. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and upped their target price for the stock from $185.00 to $260.00 in a research note on Monday, June 2nd. Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the company an "equal weight" rating in a report on Thursday, June 12th. Benchmark decreased their price objective 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. Finally, Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $215.77.

Insider Buying and Selling at Boeing

In other Boeing news, 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 transaction, the executive vice president owned 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's 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 sale, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

BA stock opened at $215.75 on Friday. The company has a market cap of $162.68 billion, a price-to-earnings ratio of -12.04 and a beta of 1.41. The company has a fifty day moving average price of $202.13 and a 200 day moving average price of $181.36. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the company posted ($1.13) EPS. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Company 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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