Kingswood Wealth Advisors LLC Buys 36,258 Shares of The Boeing Company (NYSE:BA)

Kingswood Wealth Advisors LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 165.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,206 shares of the aircraft producer’s stock after buying an additional 36,258 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Boeing were worth $9,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Boeing during the fourth quarter worth about $26,000. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% in the 1st 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. HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. REAP Financial Group LLC boosted its holdings in shares of Boeing by 60.2% in the 4th 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. Finally, Anfield Capital Management LLC boosted its holdings in shares of Boeing by 113.1% in the 4th 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. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the 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 of the company’s stock, valued at $4,161,472.31. This represents a 13.51% 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 in the last 90 days. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

BA opened at $200.21 on Wednesday. The business has a 50 day simple moving average of $190.97 and a two-hundred day simple moving average of $177.59. The firm has a market capitalization of $150.96 billion, a price-to-earnings ratio of -11.17 and a beta of 1.43. The Boeing Company has a one year low of $128.88 and a one year high of $218.80.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned ($1.13) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group upped their price objective on Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Bank of America upgraded Boeing from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Wells Fargo & Company reiterated an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.85.

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.