2,547 Shares in The Boeing Company (NYSE:BA) Bought by Mattson Financial Services LLC

Mattson Financial Services LLC purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,547 shares of the aircraft producer's stock, valued at approximately $451,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Boeing in the fourth quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its position in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares in the last quarter. REAP Financial Group LLC raised its position in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC raised its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA traded down $1.12 during mid-day trading on Friday, reaching $207.06. 7,476,210 shares of the company were exchanged, compared to its average volume of 9,236,131. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $212.28. The stock has a market capitalization of $156.12 billion, a PE ratio of -11.30 and a beta of 1.41. The business has a 50 day simple moving average of $178.83 and a two-hundred day simple moving average of $172.69.

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 (EPS) 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. During the same quarter in the previous year, the business posted ($1.13) EPS. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. UBS Group boosted their price target on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Susquehanna reissued a "positive" rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Benchmark lowered their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Cowen reiterated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.35.

Insider Transactions at Boeing

In related news, 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 completion of the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. Corporate 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.