1,221 Shares in The Boeing Company (NYSE:BA) Bought by Marks Wealth LLC

Marks Wealth LLC bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,221 shares of the aircraft producer's stock, valued at approximately $208,000. Boeing makes up approximately 0.1% of Marks Wealth LLC's portfolio, making the stock its 13th largest position.

Several other institutional investors also recently bought and sold shares of the stock. American National Bank & Trust lifted its position in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC lifted its holdings in shares of 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 last quarter. Dogwood Wealth Management LLC lifted its holdings in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Solstein Capital LLC bought a new stake in shares of Boeing in the 4th quarter worth about $33,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing in the 4th quarter worth about $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BA shares. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. TD Securities downgraded shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Finally, Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and raised their target price for the company from $180.00 to $275.00 in a research report on Friday, June 27th. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.77.

Boeing Trading Up 1.2%

NYSE BA traded up $2.50 on Monday, hitting $218.42. 5,722,730 shares of the company's stock traded hands, compared to its average volume of 9,482,137. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The firm's 50-day moving average price is $202.13 and its two-hundred day moving average price is $181.45. The firm has a market capitalization of $164.69 billion, a PE ratio of -12.19 and a beta of 1.41.

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

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the business'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 directly owned 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% 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 in the last three months. Company insiders own 0.09% of the company's stock.

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.