KMG Fiduciary Partners LLC Has $2.47 Million Holdings in The Boeing Company (NYSE:BA)

KMG Fiduciary Partners LLC increased its position in The Boeing Company (NYSE:BA - Free Report) by 310.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,501 shares of the aircraft producer's stock after acquiring an additional 10,972 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Boeing were worth $2,473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Boeing during the 4th quarter worth $26,000. American National Bank & Trust lifted its position in Boeing by 474.1% during 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 last quarter. HighMark Wealth Management LLC lifted its position in 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 acquiring an additional 90 shares during the last quarter. REAP Financial Group LLC lifted its position in 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 acquiring an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC increased its holdings in shares of Boeing by 113.1% during 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 and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Up 1.0%

NYSE:BA opened at $211.03 on Friday. The firm has a market cap of $159.12 billion, a PE ratio of -11.52 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $215.80. The company's 50-day moving average price is $182.59 and its two-hundred day moving average price is $174.84.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on BA shares. Benchmark dropped their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. Jefferies Financial Group boosted their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Finally, Susquehanna restated a "positive" rating and set a $240.00 price objective (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $207.85.

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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