Procyon Advisors LLC Purchases 10,615 Shares of The Boeing Company (NYSE:BA)

Procyon Advisors LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 30.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,979 shares of the aircraft producer’s stock after purchasing an additional 10,615 shares during the quarter. Procyon Advisors LLC’s holdings in Boeing were worth $8,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. S.A. Mason LLC increased its stake in shares of Boeing by 122.2% in the 1st quarter. S.A. Mason LLC now owns 4,545 shares of the aircraft producer’s stock valued at $877,000 after acquiring an additional 2,500 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its stake in shares of Boeing by 31.5% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 1,839 shares of the aircraft producer’s stock valued at $355,000 after acquiring an additional 440 shares during the last quarter. GoalVest Advisory LLC increased its stake in shares of Boeing by 92.9% in the 1st quarter. GoalVest Advisory LLC now owns 434 shares of the aircraft producer’s stock valued at $84,000 after acquiring an additional 209 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Boeing during the 1st quarter worth approximately $58,000. Finally, Brookstone Capital Management increased its stake in Boeing by 5.8% during the 1st quarter. Brookstone Capital Management now owns 12,613 shares of the aircraft producer’s stock worth $2,434,000 after purchasing an additional 689 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 2.2 %

Shares of NYSE:BA traded up $4.01 during trading on Thursday, reaching $182.51. 8,192,683 shares of the company traded hands, compared to its average volume of 8,578,545. The company’s 50 day moving average is $178.00 and its two-hundred day moving average is $199.34. The firm has a market capitalization of $112.04 billion, a PE ratio of -51.46 and a beta of 1.55. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. As a group, research analysts anticipate that The Boeing Company will post -1.67 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on BA. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $240.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Susquehanna reaffirmed a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Finally, Robert W. Baird reduced their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $220.89.

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.