Prostatis Group LLC Purchases 1,531 Shares of The Boeing Company (NYSE:BA)

Prostatis Group LLC increased its stake in The Boeing Company (NYSE:BA - Free Report) by 23.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,096 shares of the aircraft producer's stock after acquiring an additional 1,531 shares during the quarter. Prostatis Group LLC's holdings in Boeing were worth $1,433,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Geode Capital Management LLC raised its position in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the period. Northern Trust Corp lifted its stake in Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after acquiring an additional 1,634,231 shares in the last quarter. Fisher Asset Management LLC grew its stake in Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after acquiring an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after purchasing an additional 981,796 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

BA traded up $0.47 on Wednesday, hitting $201.50. The company had a trading volume of 5,460,833 shares, compared to its average volume of 9,157,315. The stock has a market cap of $151.93 billion, a price-to-earnings ratio of -11.00 and a beta of 1.41. The company's fifty day moving average price is $177.81 and its 200 day moving average price is $171.40. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $209.66.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating 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. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.13) EPS. On average, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction 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 transaction, the senior vice president now directly owns 13,258 shares in the company, 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 a total of 7,744 shares of company stock valued at $1,511,370 in the last quarter. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a report on Thursday, May 22nd. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their target price for the company 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 report on Monday, March 24th. Citigroup reiterated a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, TD Securities cut Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

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.