Bouvel Investment Partners LLC Purchases 246 Shares of The Boeing Company (NYSE:BA)

Bouvel Investment Partners LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,862 shares of the aircraft producer’s stock after purchasing an additional 246 shares during the quarter. Boeing comprises about 1.5% of Bouvel Investment Partners LLC’s portfolio, making the stock its 24th biggest position. Bouvel Investment Partners LLC’s holdings in Boeing were worth $3,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at approximately $26,000. American National Bank & Trust boosted its stake in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. HighMark Wealth Management LLC boosted its stake 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 purchasing an additional 90 shares during the last quarter. REAP Financial Group LLC lifted its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Finally, Anfield Capital Management LLC lifted its position in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA stock opened at $200.21 on Friday. The firm has a market cap of $150.96 billion, a P/E ratio of -10.93 and a beta of 1.43. The stock’s 50-day moving average is $188.93 and its two-hundred day moving average is $176.94. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80.

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

Insiders Place Their Bets

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the business’s stock in a transaction that occurred on 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 owns 13,258 shares of the company’s stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s stock in a transaction that occurred 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 directly owns 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% 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 worth $1,511,370. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BA shares. Citigroup reiterated a “buy” rating on shares of Boeing in a report on Thursday, May 22nd. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $181.00 to $218.00 in a report on Monday, April 28th. TD Securities cut shares of Boeing to a “cautious” rating in a report on Thursday, May 22nd. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Finally, Bank of America raised shares of Boeing from a “neutral” rating to a “buy” rating and upped their price target for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $209.85.

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.