Kingswood Wealth Advisors LLC Has $9.83 Million Stake in The Boeing Company (NYSE:BA)

Kingswood Wealth Advisors LLC boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 165.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,206 shares of the aircraft producer's stock after purchasing an additional 36,258 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Boeing were worth $9,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new stake in shares of Boeing during the fourth quarter worth $26,000. American National Bank & Trust lifted its holdings in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares in the last quarter. REAP Financial Group LLC lifted its holdings in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business'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 sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now owns 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company's stock.

Boeing Trading Down 1.3%

Boeing stock traded down $2.64 during midday trading on Thursday, reaching $197.62. The company's stock had a trading volume of 7,910,147 shares, compared to its average volume of 9,444,273. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80. The business has a 50-day moving average price of $192.55 and a 200-day moving average price of $178.01. The stock has a market cap of $149.01 billion, a PE ratio of -11.03 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The business's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted ($1.13) earnings per share. As a group, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BA shares. Susquehanna reissued a "positive" rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Jefferies Financial Group lifted their target price on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average price target of $209.85.

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.