Wolf Group Capital Advisors Acquires New Stake in The Boeing Company (NYSE:BA)

Wolf Group Capital Advisors purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,166 shares of the aircraft producer's stock, valued at approximately $369,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Boeing during the fourth quarter worth about $26,000. American National Bank & Trust lifted its stake in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the period. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. REAP Financial Group LLC raised its stake in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC raised its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BA shares. Citigroup reiterated a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Jefferies Financial Group lifted their target price on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Benchmark cut their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Susquehanna reissued a "positive" rating and issued a $240.00 price target (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.85.

Insider Activity

In other news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last quarter. Company insiders own 0.09% of the company's stock.

Boeing Stock Performance

BA traded down $2.64 during trading on Thursday, reaching $197.62. 7,910,147 shares of the company's stock were exchanged, compared to its average volume of 9,444,273. The company's fifty day moving average price is $191.71 and its 200-day moving average price is $177.73. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The firm has a market capitalization of $149.01 billion, a PE ratio of -11.03 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last released its earnings results 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 business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the firm posted ($1.13) EPS. Boeing's revenue was up 17.7% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -2.58 earnings per share 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.