KMG Fiduciary Partners LLC Buys 10,972 Shares of The Boeing Company (NYSE:BA)

KMG Fiduciary Partners LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 310.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,501 shares of the aircraft producer’s stock after acquiring an additional 10,972 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Boeing were worth $2,473,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Miracle Mile Advisors LLC boosted its stake in Boeing by 2.5% in the first quarter. Miracle Mile Advisors LLC now owns 26,927 shares of the aircraft producer’s stock valued at $4,592,000 after acquiring an additional 665 shares during the last quarter. RDA Financial Network boosted its stake in Boeing by 4.7% in the first quarter. RDA Financial Network now owns 2,104 shares of the aircraft producer’s stock valued at $359,000 after acquiring an additional 95 shares during the last quarter. Wedmont Private Capital boosted its stake in Boeing by 19.3% in the first quarter. Wedmont Private Capital now owns 5,907 shares of the aircraft producer’s stock valued at $926,000 after acquiring an additional 957 shares during the last quarter. UMB Bank n.a. boosted its stake in Boeing by 2.1% in the first quarter. UMB Bank n.a. now owns 19,565 shares of the aircraft producer’s stock valued at $3,337,000 after acquiring an additional 400 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new position in Boeing in the first quarter valued at approximately $204,000. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. This trade represents a 13.51% 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 hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the firm’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 transaction, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last ninety days. Company insiders own 0.09% of the company’s stock.

Boeing Stock Up 1.0%

Shares of NYSE:BA opened at $211.03 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $215.80. The company’s fifty day simple moving average is $182.59 and its 200 day simple moving average is $174.84. The firm has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43.

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 analyst estimates of $19.57 billion. During the same quarter in the previous year, the business earned ($1.13) earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. Research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.