MBM Wealth Consultants LLC Invests $347,000 in The Boeing Company (NYSE:BA)

MBM Wealth Consultants LLC bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,036 shares of the aircraft producer's stock, valued at approximately $347,000.

Other institutional investors have also recently modified their holdings of the company. American National Bank & Trust grew 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. REAP Financial Group LLC boosted 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 worth $31,000 after acquiring an additional 65 shares during the last quarter. Dogwood Wealth Management LLC boosted its position in Boeing by 167.2% during the fourth 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 purchased a new stake in Boeing during the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at about $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of a number of recent research reports. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. UBS Group increased their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price for the company in a research report on Friday, June 27th. Finally, The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $215.77.

Insider Buying and Selling

In other Boeing 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 completion of the sale, the executive vice president owned 20,513 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the firm'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 transaction, the senior vice president owned 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. In the last ninety days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Performance

NYSE:BA traded up $3.72 during trading hours on Friday, hitting $215.75. The company's stock had a trading volume of 4,476,122 shares, compared to its average volume of 9,472,233. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $218.80. The business's 50-day moving average is $201.38 and its two-hundred day moving average is $181.06. The company has a market capitalization of $162.68 billion, a PE ratio of -12.04 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $19.57 billion. During the same period in the prior year, the firm posted ($1.13) earnings per share. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.