Golden State Wealth Management LLC Raises Holdings in The Boeing Company (NYSE:BA)

Golden State Wealth Management LLC lifted its stake in The Boeing Company (NYSE:BA - Free Report) by 183.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,776 shares of the aircraft producer's stock after purchasing an additional 6,980 shares during the quarter. Golden State Wealth Management LLC's holdings in Boeing were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amundi increased its position in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. KKM Financial LLC increased its holdings in Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after buying an additional 5,175 shares in the last quarter. Wynn Capital LLC purchased a new stake in Boeing during the 1st quarter valued at $584,000. Grant Private Wealth Management Inc purchased a new position in shares of Boeing in the 4th quarter worth $903,000. Finally, Winslow Asset Management Inc. boosted its stake in shares of Boeing by 8.2% in the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock worth $7,215,000 after buying an additional 3,096 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Up 1.9%

NYSE BA traded up $3.71 during trading on Thursday, hitting $202.61. 6,923,477 shares of the stock traded hands, compared to its average volume of 9,431,455. The company has a market capitalization of $152.77 billion, a P/E ratio of -11.31 and a beta of 1.43. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80. The firm 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 released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the prior year, the business posted ($1.13) EPS. The company's revenue was up 17.7% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The shares were 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 now directly owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's 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 completion of the sale, the executive vice president now directly owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. 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.

Analyst Ratings Changes

BA has been the subject of a number of research reports. Morgan Stanley set a $200.00 price objective on Boeing and gave the company an "equal weight" rating in a research report on Thursday, June 12th. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. UBS Group upped their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Benchmark reduced their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Susquehanna reiterated a "positive" rating and set a $240.00 target price (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $209.85.

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.