The Boeing Company (NYSE:BA) Shares Sold by Argent Advisors Inc.

Argent Advisors Inc. lessened its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 73.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the aircraft producer's stock after selling 3,554 shares during the period. Argent Advisors Inc.'s holdings in Boeing were worth $218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American National Bank & Trust boosted its stake in Boeing by 474.1% during 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. REAP Financial Group LLC boosted its stake in 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 purchasing an additional 65 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 112 shares during the last quarter. Solstein Capital LLC purchased a new position in shares of Boeing in the 4th quarter worth $33,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing in the 4th quarter worth $33,000. Institutional investors own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BA. UBS Group raised their price target on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and raised their price target for the stock from $185.00 to $260.00 in a research note on Monday, June 2nd. Cowen restated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $215.77.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares of the company's stock, 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. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last 90 days. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

BA stock traded up $2.11 during midday trading on Wednesday, reaching $211.90. The stock had a trading volume of 5,864,484 shares, compared to its average volume of 9,465,386. The stock has a market cap of $159.77 billion, a PE ratio of -11.82 and a beta of 1.41. The firm has a fifty day simple moving average of $199.80 and a two-hundred day simple moving average of $180.55. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $218.80.

Boeing (NYSE:BA - Get Free Report) 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 firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The business's revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.13) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.