Simplicity Wealth LLC Has $1.26 Million Position in The Boeing Company (NYSE:BA)

Simplicity Wealth LLC grew its stake in The Boeing Company (NYSE:BA - Free Report) by 99.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,357 shares of the aircraft producer's stock after acquiring an additional 3,670 shares during the period. Simplicity Wealth LLC's holdings in Boeing were worth $1,255,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $26,000. American National Bank & Trust raised its holdings in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after buying an additional 128 shares during the last quarter. HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after buying an additional 90 shares during the last quarter. REAP Financial Group LLC grew its stake in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC raised its position in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded 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 report on Monday, April 28th. TD Securities downgraded Boeing to a "cautious" rating in a report on Thursday, May 22nd. Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Citigroup reiterated a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and an average price target of $209.35.

Boeing Price Performance

Shares of BA stock traded down $10.43 during midday trading on Thursday, reaching $203.57. 22,484,080 shares of the company traded hands, compared to its average volume of 9,313,476. The firm's 50 day simple moving average is $186.41 and its two-hundred day simple moving average is $176.08. The firm has a market cap of $153.49 billion, a PE ratio of -11.11 and a beta of 1.43. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the business posted ($1.13) EPS. The business's quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the business'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 sale, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 over the last quarter. 0.09% of the stock is owned by corporate insiders.

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.