Elyxium Wealth LLC Makes New Investment in The Boeing Company (NYSE:BA)

Elyxium Wealth LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,755 shares of the aircraft producer’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the 4th quarter worth $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter worth about $28,000. HighMark Wealth Management LLC grew its position 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 valued at $29,000 after buying an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC increased its stake in shares of 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 buying an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. The trade was a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following 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 represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of NYSE BA opened at $191.79 on Friday. The company has a 50-day moving average price of $166.31 and a 200-day moving average price of $166.60. The stock has a market capitalization of $144.61 billion, a P/E ratio of -10.47 and a beta of 1.41. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the prior year, the firm posted ($1.13) earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of several analyst reports. StockNews.com upgraded Boeing to a “sell” rating in a report on Thursday, April 24th. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. TD Securities reissued a “buy” rating and set a $180.00 target price on shares of Boeing in a research note on Thursday, April 24th. Benchmark cut their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. Finally, Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.90.

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.