5,704 Shares in The Boeing Company (NYSE:BA) Bought by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the first quarter, HoldingsChannel reports. The fund bought 5,704 shares of the aircraft producer’s stock, valued at approximately $973,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the fourth quarter worth $26,000. American National Bank & Trust lifted its position in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. HighMark Wealth Management LLC lifted its position in 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 lifted its position in 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 lifted its position in 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 and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 3.2%

NYSE BA opened at $217.45 on Tuesday. The stock has a market capitalization of $163.96 billion, a P/E ratio of -11.87 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. The firm has a 50-day moving average price of $183.57 and a 200 day moving average price of $175.53.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company earned ($1.13) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president now owns 13,258 shares in the company, valued at $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 ninety days. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BA shares. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research report on Thursday, May 22nd. Royal Bank of Canada boosted their price target on shares of Boeing from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Citigroup reissued a “buy” rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, Wall Street Zen cut shares of Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $209.35.

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.