Strive Asset Management LLC Purchases Shares of 3,288 The Boeing Company (NYSE:BA)

Strive Asset Management LLC purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,288 shares of the aircraft producer’s stock, valued at approximately $582,000.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC grew its position in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC grew its position in 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 acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.2%

Shares of NYSE:BA opened at $205.88 on Friday. The stock has a market cap of $155.23 billion, a PE ratio of -11.24 and a beta of 1.41. The company’s fifty day moving average is $171.81 and its 200 day moving average is $168.65. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66.

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, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. During the same quarter in the previous year, the firm posted ($1.13) EPS. Boeing’s revenue was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value 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 $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,263 shares of company stock worth $1,950,150. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company restated an “underweight” rating and set a $140.00 price target (up from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research report on Saturday. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Susquehanna restated a “positive” rating and set a $240.00 price target (up from $205.00) on shares of Boeing in a research report on Wednesday. Finally, Citigroup increased their price objective on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $204.35.

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.