Helium Advisors LLC Buys New Shares in The Boeing Company (NYSE:BA)

Helium Advisors LLC bought a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,572 shares of the aircraft producer’s stock, valued at approximately $278,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. US Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at $225,000. GTS Securities LLC increased its stake in Boeing by 101.1% in the fourth quarter. GTS Securities LLC now owns 3,367 shares of the aircraft producer’s stock valued at $596,000 after purchasing an additional 319,060 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in Boeing in the fourth quarter valued at $58,000. Burgundy Asset Management Ltd. increased its stake in Boeing by 70.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 85,000 shares of the aircraft producer’s stock valued at $15,045,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Vise Technologies Inc. increased its stake in Boeing by 97.5% in the fourth quarter. Vise Technologies Inc. now owns 5,237 shares of the aircraft producer’s stock valued at $927,000 after purchasing an additional 2,585 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other Boeing news, 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 completion of the sale, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Performance

BA stock opened at $203.39 on Friday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The firm has a market cap of $153.36 billion, a P/E ratio of -11.10 and a beta of 1.41. The stock has a 50-day simple moving average of $175.36 and a 200-day simple moving average of $169.97.

Boeing (NYSE:BA) last posted 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 company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the business posted ($1.13) EPS. Boeing’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BA shares. TD Securities downgraded Boeing to a “cautious” rating in a report on Thursday. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Thursday. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.35.

About Boeing

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.