KWB Wealth Buys New Position in The Boeing Company (NYSE:BA)

KWB Wealth purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,769 shares of the aircraft producer's stock, valued at approximately $313,000.

Several other hedge funds have also 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. Institutional investors and hedge funds own 64.82% of the company's stock.

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 business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents 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.

Analyst Ratings Changes

A number of research firms have recently weighed in on BA. Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Benchmark dropped their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Jefferies Financial Group raised their price target on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $207.85.

Boeing Trading Up 1.0%

Boeing stock traded up $2.01 during midday trading on Friday, reaching $211.03. The company's stock had a trading volume of 6,069,723 shares, compared to its average volume of 9,239,457. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $215.80. The business has a 50-day moving average price of $182.59 and a 200-day moving average price of $175.06. The stock has a market cap of $159.12 billion, a PE ratio of -11.52 and a beta of 1.43.

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