Inscription Capital LLC Purchases New Holdings in The Boeing Company (NYSE:BA)

Inscription Capital LLC acquired a new position in The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,491 shares of the aircraft producer's stock, valued at approximately $2,130,000.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Boeing during the fourth quarter valued at about $26,000. American National Bank & Trust grew its position in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the period. HighMark Wealth Management LLC increased its stake in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of 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 purchasing an additional 95 shares during the period. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BA. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Susquehanna reiterated a "positive" rating and set a $240.00 price target (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. TD Securities lowered Boeing to a "cautious" rating in a report on Thursday, May 22nd. UBS Group upped their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Benchmark cut their target price 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. Four research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $209.85.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value 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. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Boeing Trading Up 0.7%

Shares of BA opened at $201.74 on Tuesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80. The company has a market cap of $152.11 billion, a PE ratio of -11.01 and a beta of 1.43. The stock has a 50-day moving average price of $190.18 and a 200-day moving average price of $177.43.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.13) earnings per share. As a group, analysts predict 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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