Regent Peak Wealth Advisors LLC Buys New Stake in The Boeing Company (NYSE:BA)

Regent Peak Wealth Advisors LLC bought a new stake in The Boeing Company (NYSE:BA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,194 shares of the aircraft producer’s stock, valued at approximately $204,000.

Several other large investors have also recently added to or reduced their stakes in BA. Keynote Financial Services LLC increased its position in shares of Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after purchasing an additional 57 shares during the period. Chaney Capital Management Inc. increased its position in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares during the period. Farmers & Merchants Investments Inc. increased its position in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after purchasing an additional 59 shares during the period. Center for Financial Planning Inc. increased its position in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after purchasing an additional 60 shares during the period. Finally, Trek Financial LLC increased 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 valued at $408,000 after purchasing an additional 60 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 1.0%

BA opened at $211.03 on Friday. The stock has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $215.80. The stock has a fifty day moving average price of $182.59 and a 200 day moving average price of $174.84.

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 for the quarter, compared to analyst estimates of $19.57 billion. Boeing’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.13) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BA. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. TD Securities lowered Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. Wall Street Zen lowered Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Finally, Benchmark reduced their price objective on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.85.

Insider Activity at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the firm’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 in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company’s stock.

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.