The Boeing Company (NYSE:BA) Shares Acquired by Heck Capital Advisors LLC

Key Points

• Heck Capital Advisors LLC increased its stake in Boeing by 617.6% in the first quarter, now holding shares worth $230,000.
• Boeing's stock has a consensus rating of "Moderate Buy" among analysts, with a price target range from $215.00 to $275.00.
• Despite posting a loss of ($1.24) EPS in the recent quarter, Boeing reported a revenue of $22.75 billion, exceeding analyst expectations.

Heck Capital Advisors LLC raised its position in shares of The Boeing Company (NYSE:BA - Free Report) by 617.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,349 shares of the aircraft producer's stock after purchasing an additional 1,161 shares during the period. Heck Capital Advisors LLC's holdings in Boeing were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. William B. Walkup & Associates Inc. raised its position in Boeing by 7.7% during the 1st quarter. William B. Walkup & Associates Inc. now owns 946 shares of the aircraft producer's stock valued at $161,000 after purchasing an additional 68 shares in the last quarter. E Fund Management Co. Ltd. raised its position in Boeing by 7.2% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,944 shares of the aircraft producer's stock valued at $332,000 after purchasing an additional 131 shares in the last quarter. Financial Network Wealth Advisors LLC raised its position in Boeing by 20.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 456 shares of the aircraft producer's stock valued at $78,000 after purchasing an additional 76 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Boeing by 8.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,839 shares of the aircraft producer's stock valued at $3,895,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its holdings in shares of Boeing by 10.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,690 shares of the aircraft producer's stock valued at $288,000 after acquiring an additional 161 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BA shares. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Barclays boosted their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Monday, July 28th. UBS Group set a $280.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Benchmark reduced their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

Boeing Price Performance

BA traded up $2.12 on Friday, reaching $235.31. 6,285,891 shares of the stock were exchanged, compared to its average volume of 6,798,152. The company's 50-day moving average price is $219.45 and its 200 day moving average price is $192.49. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm has a market capitalization of $177.93 billion, a PE ratio of -14.25 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the prior year, the company posted ($2.90) earnings per share. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president owned 35,873 shares of the company's stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

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.