Vermillion Wealth Management Inc. Makes New $277,000 Investment in The Boeing Company (NYSE:BA)

Vermillion Wealth Management Inc. acquired a new position in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,565 shares of the aircraft producer's stock, valued at approximately $277,000.

Several other hedge funds have also bought and sold shares of BA. Sierra Ocean LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC lifted its position in shares of Boeing by 121.6% during 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 in the last quarter. Anfield Capital Management LLC lifted its position in shares of 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 buying an additional 95 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup reiterated a "buy" rating on shares of Boeing in a research report on Thursday. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. UBS Group increased their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. TD Securities downgraded Boeing to a "cautious" rating in a research note on Thursday. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $204.35.

Boeing Stock Down 0.5%

Shares of BA opened at $202.49 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The company has a market capitalization of $152.68 billion, a PE ratio of -11.05 and a beta of 1.41. The stock has a fifty day simple moving average of $176.17 and a two-hundred day simple moving average of $170.49.

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 analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.13) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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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