VCI Wealth Management LLC Takes $716,000 Position in The Boeing Company (NYSE:BA)

VCI Wealth Management LLC bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 4,199 shares of the aircraft producer's stock, valued at approximately $716,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Revolve Wealth Partners LLC acquired a new position in Boeing in the fourth quarter valued at about $201,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Boeing in the 4th quarter worth approximately $7,837,000. Proficio Capital Partners LLC bought a new stake in Boeing during the 4th quarter worth approximately $293,000. Summit Global Investments increased its holdings in Boeing by 47.9% during the 4th quarter. Summit Global Investments now owns 2,385 shares of the aircraft producer's stock valued at $422,000 after purchasing an additional 772 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Boeing by 9.0% in the fourth quarter. LPL Financial LLC now owns 957,484 shares of the aircraft producer's stock worth $169,475,000 after purchasing an additional 78,729 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA stock traded down $0.03 during trading on Tuesday, hitting $229.29. The company had a trading volume of 2,000,938 shares, compared to its average volume of 9,546,189. The firm has a market capitalization of $172.89 billion, a P/E ratio of -12.78 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $233.61. The stock's 50-day moving average price is $210.26 and its 200 day moving average price is $184.87.

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

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This trade represents a 13.51% 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 in the last three months. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BA. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a report on Friday, June 27th. Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Susquehanna reissued a "positive" rating on shares of Boeing in a research note on Monday, July 14th. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $221.55.

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.

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