Impact Capital Partners LLC Acquires Shares of 1,247 The Boeing Company (NYSE:BA)

Impact Capital Partners LLC bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,247 shares of the aircraft producer's stock, valued at approximately $213,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. American National Bank & Trust grew 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 worth $26,000 after acquiring an additional 128 shares during the period. HighMark Wealth Management LLC grew its stake in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after acquiring an additional 90 shares during the period. REAP Financial Group LLC grew its stake in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares during the period. Finally, Anfield Capital Management LLC grew its stake in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BA shares. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. TD Securities lowered Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research report on Thursday, May 22nd. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Finally, Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and upped their price target for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $207.85.

Boeing Trading Up 1.0%

BA traded up $2.01 during trading on Friday, hitting $211.03. 6,069,723 shares of the company's stock were exchanged, compared to its average volume of 9,239,457. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $215.80. The stock has a 50 day moving average price of $182.59 and a 200 day moving average price of $174.84. The firm has a market cap of $159.12 billion, a P/E ratio of -11.52 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) 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 analysts' expectations of $19.57 billion. During the same quarter in the prior year, the firm earned ($1.13) earnings per share. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. 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 ninety days. 0.09% of the stock is owned by company insiders.

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.