The Boeing Company (NYSE:BA) Shares Acquired by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV lifted its position in shares of The Boeing Company (NYSE:BA) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,175 shares of the aircraft producer’s stock after acquiring an additional 318 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Boeing were worth $883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. KWB Wealth purchased a new stake in Boeing during the first quarter worth about $313,000. Secure Asset Management LLC boosted its holdings in Boeing by 3.4% during the first quarter. Secure Asset Management LLC now owns 4,829 shares of the aircraft producer’s stock worth $824,000 after buying an additional 159 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in Boeing by 14.6% during the first quarter. Portside Wealth Group LLC now owns 16,136 shares of the aircraft producer’s stock worth $2,856,000 after buying an additional 2,056 shares in the last quarter. SS&H Financial Advisors Inc. boosted its holdings in Boeing by 6.0% during the first quarter. SS&H Financial Advisors Inc. now owns 8,780 shares of the aircraft producer’s stock worth $1,497,000 after buying an additional 500 shares in the last quarter. Finally, Accel Wealth Management boosted its holdings in Boeing by 13.8% during the first quarter. Accel Wealth Management now owns 1,974 shares of the aircraft producer’s stock worth $337,000 after buying an additional 239 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and upped their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Jefferies Financial Group upped their price target on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday. Finally, TD Securities downgraded shares of Boeing to a “cautious” rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $207.85.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm’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 of the company’s stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the firm’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 sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. The trade was a 4.60% 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 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Down 0.6%

NYSE:BA opened at $212.09 on Thursday. The company has a market cap of $159.92 billion, a P/E ratio of -11.58 and a beta of 1.41. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $215.80. The firm’s 50 day moving average is $180.96 and its two-hundred day moving average is $173.74.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the previous year, the company earned ($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.