Marks Wealth LLC Purchases Shares of 1,221 The Boeing Company (NYSE:BA)

Marks Wealth LLC acquired a new position in The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,221 shares of the aircraft producer's stock, valued at approximately $208,000. Boeing makes up 0.1% of Marks Wealth LLC's portfolio, making the stock its 13th biggest holding.

A number of other large investors have also made changes to their positions in the stock. American National Bank & Trust increased its holdings in 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 in the last quarter. REAP Financial Group LLC increased its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Solstein Capital LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company'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 completion of the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president directly owned 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 over the last 90 days. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Performance

Shares of Boeing stock traded up $3.72 during trading on Friday, hitting $215.75. 4,476,122 shares of the stock were exchanged, compared to its average volume of 9,497,060. The stock's fifty day moving average is $202.13 and its 200 day moving average is $181.45. The stock has a market cap of $162.68 billion, a PE ratio of -12.04 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.13) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several recent research reports. Susquehanna restated a "positive" rating and set a $240.00 target price (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Citigroup reiterated a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and lifted their price target for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Jefferies Financial Group lifted their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $215.77.

Boeing 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.