The Boeing Company (NYSE:BA) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its holdings in The Boeing Company (NYSE:BA) by 17.4% in the first quarter, HoldingsChannel.com reports. The firm owned 5,188 shares of the aircraft producer’s stock after buying an additional 769 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Boeing were worth $885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Boeing during the 4th quarter worth approximately $26,000. American National Bank & Trust grew its holdings in shares of 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 buying an additional 128 shares during the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. REAP Financial Group LLC boosted its holdings 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 in the last quarter. Finally, Anfield Capital Management LLC raised its stake 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 worth $32,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $211.03 on Friday. The business’s fifty day moving average is $182.59 and its 200-day moving average is $174.84. The stock has a market cap of $159.12 billion, a PE ratio of -11.52 and a beta of 1.43. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $215.80.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm earned ($1.13) earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. 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 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Jefferies Financial Group increased their price target on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen cut shares of Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Finally, Bank of America raised shares of Boeing from a “neutral” rating to a “buy” rating and upped their price target for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.85.

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.