Worth Financial Advisory Group LLC Invests $247,000 in The Boeing Company (NYSE:BA)

Worth Financial Advisory Group LLC acquired a new position in The Boeing Company (NYSE:BA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,447 shares of the aircraft producer's stock, valued at approximately $247,000.

Other institutional investors have also made changes to their positions in the company. American National Bank & Trust lifted its position in shares of Boeing by 474.1% in 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 in the last quarter. REAP Financial Group LLC lifted its position 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 worth $31,000 after purchasing an additional 65 shares in the last quarter. Anfield Capital Management LLC lifted its position 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 worth $32,000 after purchasing an additional 95 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 112 shares during the last quarter. Finally, Solstein Capital LLC acquired a new position in Boeing during the fourth quarter worth $33,000. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

BA has been the topic of a number of recent analyst reports. Citigroup restated a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Royal Bank Of Canada restated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average price target of $209.85.

Boeing Stock Up 0.4%

Shares of Boeing stock traded up $0.73 during trading on Friday, reaching $198.41. The company's stock had a trading volume of 8,925,908 shares, compared to its average volume of 9,461,563. The business's 50-day moving average price is $193.38 and its 200-day moving average price is $178.45. The firm has a market cap of $149.60 billion, a PE ratio of -11.07 and a beta of 1.43. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80.

Boeing (NYSE:BA - Get Free Report) last announced 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 company's revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.13) EPS. Equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 over the last quarter. 0.09% of the stock is owned by company insiders.

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.