G&S Capital LLC Buys New Shares in The Boeing Company (NYSE:BA)

G&S Capital LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,689 shares of the aircraft producer's stock, valued at approximately $1,141,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Boeing by 29.5% in 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 purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 30.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after purchasing an additional 981,796 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter worth approximately $568,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

Shares of NYSE BA traded up $0.42 on Tuesday, hitting $209.95. The company's stock had a trading volume of 5,966,695 shares, compared to its average volume of 9,458,315. The stock has a 50 day moving average of $198.86 and a 200-day moving average of $180.35. The company has a market capitalization of $158.30 billion, a price-to-earnings ratio of -11.72 and a beta of 1.41. 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 posted its 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 company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.13) EPS. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BA shares. Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the company an "equal weight" rating in a research report on Thursday, June 12th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. Finally, Jefferies Financial Group boosted their target price on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $215.77.

Insider Activity at Boeing

In other 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 sale, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's 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 completion of the transaction, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. 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 quarter. Insiders own 0.09% of the company's stock.

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.