Brookstone Capital Management Buys 19,635 Shares of The Boeing Company (NYSE:BA)

Brookstone Capital Management increased its stake in The Boeing Company (NYSE:BA) by 185.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,227 shares of the aircraft producer’s stock after buying an additional 19,635 shares during the period. Brookstone Capital Management’s holdings in Boeing were worth $5,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust grew its position in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after buying an additional 128 shares in the last quarter. REAP Financial Group LLC lifted its stake in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC grew its holdings in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Solstein Capital LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.8%

NYSE:BA opened at $215.75 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80. The company has a market cap of $162.68 billion, a PE ratio of -12.04 and a beta of 1.41. The company’s 50 day moving average is $202.13 and its two-hundred day moving average is $181.42.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. Boeing’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.13) earnings per share. As a group, analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president owned 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president owned 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. UBS Group upped their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Susquehanna restated a “positive” rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Jefferies Financial Group lifted their price target on Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. TD Securities cut Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Finally, Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $215.77.

About Boeing

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.