1,194 Shares in The Boeing Company (NYSE:BA) Purchased by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,194 shares of the aircraft producer's stock, valued at approximately $204,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. LexAurum Advisors LLC increased its stake in shares of Boeing by 12.1% during the 1st quarter. LexAurum Advisors LLC now owns 3,840 shares of the aircraft producer's stock worth $655,000 after purchasing an additional 416 shares in the last quarter. Perkins Coie Trust Co increased its stake in shares of Boeing by 0.4% during the 1st quarter. Perkins Coie Trust Co now owns 42,643 shares of the aircraft producer's stock worth $7,273,000 after purchasing an additional 153 shares in the last quarter. Blue Zone Wealth Advisors LLC boosted its position in Boeing by 11.6% during the first quarter. Blue Zone Wealth Advisors LLC now owns 24,056 shares of the aircraft producer's stock worth $4,103,000 after acquiring an additional 2,492 shares during the last quarter. Radnor Capital Management LLC purchased a new stake in Boeing in the 1st quarter worth approximately $882,000. Finally, Impact Capital Partners LLC purchased a new stake in Boeing in the 1st quarter worth approximately $213,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. 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 over the last 90 days. 0.09% of the stock is owned by company insiders.

Boeing Price Performance

NYSE:BA traded up $2.01 during mid-day trading on Friday, reaching $211.03. The stock had a trading volume of 6,069,723 shares, compared to its average volume of 9,239,457. The company has a market capitalization of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $215.80. The stock's 50 day simple moving average is $182.59 and its two-hundred day simple moving average is $174.84.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the previous year, the business posted ($1.13) EPS. Boeing's revenue was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Benchmark dropped their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. UBS Group lifted their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note 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 report on Wednesday, May 14th. Finally, TD Securities lowered Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and an average price target of $207.85.

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.