Strategic Blueprint LLC Increases Stake in The Boeing Company (NYSE:BA)

Strategic Blueprint LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 39.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,650 shares of the aircraft producer's stock after purchasing an additional 1,304 shares during the period. Strategic Blueprint LLC's holdings in Boeing were worth $793,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BA. Amundi boosted its stake in Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after buying an additional 1,292,417 shares during the last quarter. KKM Financial LLC boosted its holdings in shares of Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after acquiring an additional 5,175 shares during the period. Wynn Capital LLC bought a new stake in shares of Boeing in the first quarter worth about $584,000. Grant Private Wealth Management Inc acquired a new position in Boeing during the 4th quarter worth $903,000. Finally, Advanced Portfolio Management LLC raised its holdings in Boeing by 182.2% in the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock worth $2,655,000 after purchasing an additional 9,684 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

NYSE BA traded up $8.14 on Wednesday, reaching $226.66. The company's stock had a trading volume of 14,595,617 shares, compared to its average volume of 9,497,557. The stock has a market cap of $170.90 billion, a PE ratio of -12.65 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $230.14. The firm's 50 day moving average is $203.59 and its two-hundred day moving average is $181.99.

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, beating 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. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.13) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Susquehanna increased their price objective on shares of Boeing from $240.00 to $252.00 and gave the company a "positive" rating in a research report on Wednesday. TD Securities lowered shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, Benchmark reduced their price objective 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. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Boeing presently has an average rating of "Moderate Buy" and an average price target of $216.32.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the company'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 value of $132,019.20. Following the sale, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. This 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 hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president owned 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 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 quarter. 0.09% of the stock is owned by corporate insiders.

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.