Westend Capital Management LLC Buys 44,710 Shares of The Boeing Company (NYSE:BA)

Westend Capital Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 45.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,956 shares of the aircraft producer's stock after acquiring an additional 44,710 shares during the period. Boeing comprises about 9.3% of Westend Capital Management LLC's investment portfolio, making the stock its biggest position. Westend Capital Management LLC's holdings in Boeing were worth $24,552,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth about $201,000. Bank Pictet & Cie Europe AG acquired a new position in Boeing during the fourth quarter valued at approximately $7,837,000. Advisor OS LLC grew its holdings in Boeing by 3.1% during the fourth quarter. Advisor OS LLC now owns 2,277 shares of the aircraft producer's stock valued at $403,000 after purchasing an additional 68 shares during the period. Cable Hill Partners LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $223,000. Finally, Kovack Advisors Inc. boosted its holdings in shares of Boeing by 11.1% in the fourth quarter. Kovack Advisors Inc. now owns 6,858 shares of the aircraft producer's stock valued at $1,214,000 after buying an additional 687 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the topic of several analyst reports. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. UBS Group upped their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Redburn Atlantic raised shares of Boeing from a "neutral" rating to a "buy" rating and increased their price objective for the company from $180.00 to $275.00 in a research report on Friday. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $215.77.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was 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 owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock valued at $1,511,370 over the last three months. 0.09% of the stock is owned by company insiders.

Boeing Trading Up 5.9%

BA opened at $214.56 on Friday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The company has a market cap of $161.78 billion, a price-to-earnings ratio of -11.97 and a beta of 1.43. The company's fifty day moving average price is $197.85 and its two-hundred day moving average price is $179.88.

Boeing (NYSE:BA - Get Free Report) last issued its 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 the consensus estimate of $19.57 billion. During the same quarter in the prior year, the business earned ($1.13) EPS. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.