624 Shares in The Boeing Company (NYSE:BA) Acquired by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. bought a new position in The Boeing Company (NYSE:BA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 624 shares of the aircraft producer’s stock, valued at approximately $106,000.

Several other hedge funds have also modified their holdings of the stock. Wood Tarver Financial Group LLC raised its position in shares of Boeing by 14.3% during the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer’s stock valued at $75,000 after buying an additional 55 shares during the period. Byrne Financial Freedom LLC lifted its position in shares of Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer’s stock worth $340,000 after purchasing an additional 58 shares during the last quarter. Trek Financial LLC lifted its position in shares of Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock worth $408,000 after purchasing an additional 60 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Boeing by 6.1% during the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer’s stock worth $184,000 after purchasing an additional 60 shares during the last quarter. Finally, Mattern Wealth Management LLC lifted its position in Boeing by 4.9% in the first quarter. Mattern Wealth Management LLC now owns 1,311 shares of the aircraft producer’s stock valued at $224,000 after acquiring an additional 61 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE BA opened at $226.68 on Monday. The stock has a 50-day moving average of $206.14 and a 200 day moving average of $183.00. The company has a market capitalization of $170.92 billion, a price-to-earnings ratio of -12.65 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $231.23.

Boeing (NYSE:BA) last issued its quarterly 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 the consensus estimate of $19.57 billion. During the same quarter in the prior year, the business earned ($1.13) earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BA shares. Wall Street Zen cut shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Bank of America raised shares of Boeing from a “neutral” rating to a “buy” rating and upped their price objective for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. UBS Group increased their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, Citigroup reissued a “buy” 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, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $216.32.

Insider Transactions at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction 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 transaction, the senior vice president owned 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last three months. 0.09% of the stock is currently owned by company insiders.

Boeing 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.