1,200 Shares in The Boeing Company (NYSE:BA) Bought by TKG Advisors LLC

by · The Cerbat Gem

TKG Advisors LLC bought a new stake in The Boeing Company (NYSE:BA – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,200 shares of the aircraft producer’s stock, valued at approximately $205,000.

A number of other institutional investors have also bought and sold shares of BA. Vanguard Group Inc. raised its position in shares of Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC grew its stake in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in Boeing in the fourth quarter worth approximately $568,000. Alyeska Investment Group L.P. acquired a new position in Boeing in the fourth quarter valued at approximately $526,889,000. Finally, Zimmer Partners LP bought a new position in shares of Boeing during the 4th quarter worth approximately $393,736,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several research analyst reports. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Jefferies Financial Group lifted their price target on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reiterated a “cautious” rating on shares of Boeing in a report on Thursday, June 12th. Citigroup restated a “buy” rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Benchmark dropped their price target on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $215.77.

Read Our Latest Stock Report on BA

Insider Transactions at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president owned 20,513 shares of the company’s stock, valued at $4,161,472.31. The trade was a 13.51% 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, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares of the company’s stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

NYSE BA opened at $211.90 on Thursday. The firm has a market cap of $159.77 billion, a price-to-earnings ratio of -11.82 and a beta of 1.41. The company has a fifty day moving average price of $200.59 and a 200-day moving average price of $180.77. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80.

Boeing (NYSE:BA – Get Free Report) last announced 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 the consensus estimate of $19.57 billion. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.13) earnings per share. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Profile

(Free Report)

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.

See Also

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