Harbor Investment Advisory LLC Acquires 404 Shares of The Boeing Company (NYSE:BA)

Harbor Investment Advisory LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 18.9% during the first quarter, Holdings Channel.com reports. The firm owned 2,536 shares of the aircraft producer’s stock after acquiring an additional 404 shares during the period. Harbor Investment Advisory LLC’s holdings in Boeing were worth $433,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $26,000. American National Bank & Trust increased its stake in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. HighMark Wealth Management LLC raised its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the period. REAP Financial Group LLC lifted its stake 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 valued at $31,000 after purchasing an additional 65 shares during 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 during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $211.42 on Tuesday. The stock’s 50-day moving average is $179.49 and its 200 day moving average is $173.19. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $212.34. The company has a market cap of $159.41 billion, a P/E ratio of -11.54 and a beta of 1.41.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same period in the previous year, the company posted ($1.13) earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction dated 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 now directly owns 20,513 shares of the company’s stock, valued at approximately $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 over the last 90 days. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Thursday, May 22nd. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. TD Securities lowered shares of Boeing to a “cautious” rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.35.

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.