B. Riley Wealth Advisors Inc. Sells 2,094 Shares of The Boeing Company (NYSE:BA)

B. Riley Wealth Advisors Inc. decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,843 shares of the aircraft producer's stock after selling 2,094 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Boeing were worth $2,981,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter worth $568,000. Alyeska Investment Group L.P. acquired a new stake in shares of Boeing during the 4th quarter worth $526,889,000. Finally, Zimmer Partners LP acquired a new stake in shares of Boeing during the 4th quarter worth $393,736,000. Institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 over the last ninety days. 0.09% of the stock is owned by insiders.

Boeing Stock Up 0.2%

Boeing stock traded up $0.47 during trading hours on Wednesday, hitting $201.50. The stock had a trading volume of 5,457,223 shares, compared to its average volume of 9,141,752. The stock has a market cap of $151.93 billion, a price-to-earnings ratio of -11.00 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $209.66. The business's 50 day simple moving average is $177.34 and its 200-day simple moving average is $171.19.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter last year, the business earned ($1.13) earnings per share. Boeing's revenue was up 17.7% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BA shares. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. TD Securities lowered Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Benchmark reduced their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $204.35.

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.