The Boeing Company (NYSE:BA) Shares Acquired by Nwam LLC

Nwam LLC increased its position in The Boeing Company (NYSE:BA - Free Report) by 133.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,303 shares of the aircraft producer's stock after buying an additional 27,598 shares during the period. Boeing accounts for 0.7% of Nwam LLC's portfolio, making the stock its 21st largest holding. Nwam LLC's holdings in Boeing were worth $8,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BA. Wood Tarver Financial Group LLC grew its position in shares of Boeing by 14.3% in the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after buying an additional 55 shares during the period. Byrne Financial Freedom LLC grew its position in Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock valued at $340,000 after purchasing an additional 58 shares during the last quarter. Trek Financial LLC grew its position in Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after purchasing an additional 60 shares during the last quarter. Colonial Trust Co SC grew its position in Boeing by 6.1% during the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock valued at $184,000 after purchasing an additional 60 shares during the last quarter. Finally, Mattern Wealth Management LLC grew its position in Boeing by 4.9% during the 1st quarter. Mattern Wealth Management LLC now owns 1,311 shares of the aircraft producer's stock valued at $224,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the 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 transaction, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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. Insiders have sold a total of 7,744 shares of company stock valued at $1,511,370 over the last quarter. Insiders own 0.09% of the company's stock.

Boeing Price Performance

Shares of Boeing stock traded down $1.51 on Friday, reaching $229.49. 5,968,167 shares of the company were exchanged, compared to its average volume of 9,597,328. The stock's 50 day moving average price is $210.26 and its 200-day moving average price is $184.78. The company has a market cap of $173.04 billion, a P/E ratio of -12.81 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $233.61.

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 company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The company's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.13) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BA shares. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and increased their price objective for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Susquehanna reissued a "positive" rating on shares of Boeing in a report on Monday, July 14th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Four equities 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $221.55.

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.