Baker Tilly Wealth Management LLC Acquires 1,470 Shares of The Boeing Company (NYSE:BA)

Baker Tilly Wealth Management LLC increased its stake in The Boeing Company (NYSE:BA - Free Report) by 13.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,363 shares of the aircraft producer's stock after purchasing an additional 1,470 shares during the quarter. Boeing comprises about 0.8% of Baker Tilly Wealth Management LLC's portfolio, making the stock its 22nd biggest holding. Baker Tilly Wealth Management LLC's holdings in Boeing were worth $2,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Amundi boosted its stake in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. KKM Financial LLC boosted its position in shares of Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the period. Grant Private Wealth Management Inc purchased a new position in Boeing in the 4th quarter worth about $903,000. Tandem Capital Management Corp ADV raised its holdings in Boeing by 65.2% during the 4th quarter. Tandem Capital Management Corp ADV now owns 13,815 shares of the aircraft producer's stock worth $2,445,000 after buying an additional 5,451 shares during the period. Finally, Winslow Asset Management Inc. lifted its stake in Boeing by 8.2% during the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after buying an additional 3,096 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BA shares. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and lifted their price target for the company from $185.00 to $260.00 in a report on Monday. UBS Group increased their price objective on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Finally, Morgan Stanley reissued an "equal weight" 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 issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.35.

Insider Transactions at Boeing

In other Boeing 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 completion of the sale, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Up 1.0%

Shares of BA stock traded up $2.01 during trading hours on Tuesday, reaching $213.48. 8,098,705 shares of the company's stock were exchanged, compared to its average volume of 9,224,948. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $215.76. The stock has a market capitalization of $160.96 billion, a P/E ratio of -11.65 and a beta of 1.41. The business has a fifty day moving average price of $179.49 and a 200-day moving average price of $173.19.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS 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. Boeing's revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.13) EPS. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.