Aptus Capital Advisors LLC Sells 4,582 Shares of The Boeing Company $BA

Key Points

• Aptus Capital Advisors LLC has reduced its position in The Boeing Company by 38.2%, holding 7,412 shares worth approximately $1.26 million as of its latest SEC filing.
• Boeing reported a loss of ($1.24) per share in its recent earnings, which missed analysts' expectations, but its revenue increased by 34.9% year-over-year to $22.75 billion.
• The stock has a market cap of $170.37 billion and an average price target of $228.90, with analysts giving it a rating of "Moderate Buy."

Aptus Capital Advisors LLC lessened its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 38.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,412 shares of the aircraft producer's stock after selling 4,582 shares during the quarter. Aptus Capital Advisors LLC's holdings in Boeing were worth $1,264,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $201,000. Bank Pictet & Cie Europe AG purchased a new position in shares of Boeing in the fourth quarter worth about $7,837,000. First Trust Advisors LP increased its stake in shares of Boeing by 33.8% in the fourth quarter. First Trust Advisors LP now owns 140,578 shares of the aircraft producer's stock worth $24,882,000 after purchasing an additional 35,524 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Boeing by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,275,394 shares of the aircraft producer's stock worth $225,745,000 after purchasing an additional 39,661 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Boeing by 122.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Insider Activity

In related news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares of the company's stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on BA shares. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Jefferies Financial Group raised their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $228.90.

Boeing Stock Down 0.7%

Shares of NYSE:BA traded down $1.7180 during midday trading on Monday, reaching $228.4020. The company's stock had a trading volume of 1,582,991 shares, compared to its average volume of 8,356,747. The firm has a 50 day moving average of $221.17 and a 200-day moving average of $194.40. The firm has a market capitalization of $172.71 billion, a P/E ratio of -13.83 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. During the same quarter in the previous year, the company earned ($2.90) earnings per share. Boeing's revenue for the quarter was up 34.9% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

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.