Rep. Jefferson Shreve Sells Off Shares of The Boeing Company (NYSE:BA)

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Boeing Company NYSE: BA. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Boeing stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Boeing Trading Up 0.8%

Shares of BA traded up $1.75 during trading hours on Friday, reaching $233.02. 4,613,746 shares of the company's stock traded hands, compared to its average volume of 7,181,941. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $235.27. The stock has a market cap of $175.70 billion, a PE ratio of -13.00 and a beta of 1.41. The firm's 50 day simple moving average is $213.01 and its 200-day simple moving average is $186.85.

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

Wall Street Analyst Weigh In

BA has been the topic of several research reports. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research report on Friday, June 27th. Benchmark cut their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Finally, Jefferies Financial Group boosted their target price on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $221.55.

Insider Activity

In related news, SVP Brendan J. Nelson sold 640 shares of the company'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 value of $132,019.20. Following the sale, the senior vice president owned 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction 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 of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company's stock.

Hedge Funds Weigh In On Boeing

Several hedge funds and other institutional investors have recently modified their holdings of BA. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Boeing by 14.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 24,849 shares of the aircraft producer's stock valued at $5,207,000 after buying an additional 3,125 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Boeing by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 65,051 shares of the aircraft producer's stock valued at $13,630,000 after acquiring an additional 300 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Boeing by 14.5% during the second quarter. Sequoia Financial Advisors LLC now owns 38,283 shares of the aircraft producer's stock worth $8,021,000 after acquiring an additional 4,847 shares in the last quarter. Vest Financial LLC grew its holdings in Boeing by 39.2% in the second quarter. Vest Financial LLC now owns 15,700 shares of the aircraft producer's stock worth $3,290,000 after purchasing an additional 4,425 shares during the period. Finally, Pegasus Asset Management Inc. increased its stake in shares of Boeing by 2.3% during the second quarter. Pegasus Asset Management Inc. now owns 13,023 shares of the aircraft producer's stock valued at $2,729,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.