Procyon Advisors LLC Raises Holdings in The Boeing Company (NYSE:BA)

Procyon Advisors LLC increased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,726 shares of the aircraft producer's stock after acquiring an additional 14,668 shares during the quarter. Procyon Advisors LLC's holdings in Boeing were worth $10,186,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter worth approximately $26,000. 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 worth $26,000 after purchasing an additional 128 shares during the period. HighMark Wealth Management LLC lifted its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the period. REAP Financial Group LLC grew its stake 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 buying an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC increased its holdings in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 95 shares during the period. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BA shares. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. Jefferies Financial Group upped their target price on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.85.

Boeing Trading Up 1.0%

Boeing stock traded up $2.01 during trading on Friday, reaching $211.03. The company had a trading volume of 6,069,723 shares, compared to its average volume of 9,215,979. The firm has a market capitalization of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.41. The firm's 50-day simple moving average is $181.73 and its 200 day simple moving average is $174.19. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $215.80.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the company earned ($1.13) earnings per share. The business'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 earnings per share for the current year.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Insiders own 0.09% of the company's stock.

Boeing Company 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.