Tyche Wealth Partners LLC Boosts Stock Position in The Boeing Company (NYSE:BA)

Tyche Wealth Partners LLC grew its position in shares of The Boeing Company (NYSE:BA - Free Report) by 73.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,192 shares of the aircraft producer's stock after purchasing an additional 2,191 shares during the quarter. Tyche Wealth Partners LLC's holdings in Boeing were worth $885,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BA. Revolve Wealth Partners LLC purchased a new stake in Boeing in the 4th quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG bought a new position in Boeing in the fourth quarter worth about $7,837,000. Howard Capital Management Inc. raised its holdings in Boeing by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 3,576 shares of the aircraft producer's stock worth $633,000 after purchasing an additional 180 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Boeing in the fourth quarter worth approximately $126,000. Finally, IFP Advisors Inc grew its position in Boeing by 6.4% in the fourth quarter. IFP Advisors Inc now owns 18,628 shares of the aircraft producer's stock worth $3,303,000 after buying an additional 1,114 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In related news, 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 transaction of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business'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 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. The trade was a 4.60% 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 worth $1,511,370 in the last three months. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Down 0.1%

Shares of NYSE:BA opened at $201.04 on Wednesday. The firm has a 50 day moving average of $195.13 and a 200-day moving average of $179.09. The stock has a market capitalization of $151.58 billion, a PE ratio of -11.22 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80.

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. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BA. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Susquehanna reaffirmed a "positive" rating and set a $240.00 price objective (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Benchmark decreased their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and increased their target price for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Finally, Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $209.85.

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.

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