B. Riley Wealth Advisors Inc. Has $2.98 Million Holdings in The Boeing Company (NYSE:BA)

B. Riley Wealth Advisors Inc. trimmed its position in The Boeing Company (NYSE:BA - Free Report) by 11.1% during the fourth quarter, according to its most recent 13F 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.

A number of other hedge funds have also modified their holdings of BA. Hartford Financial Management Inc. raised its position in shares of Boeing by 4.2% in the 4th quarter. Hartford Financial Management Inc. now owns 10,501 shares of the aircraft producer's stock valued at $1,859,000 after acquiring an additional 428 shares during the period. SG Americas Securities LLC raised its holdings in Boeing by 103.1% during the 4th quarter. SG Americas Securities LLC now owns 7,941 shares of the aircraft producer's stock worth $1,406,000 after buying an additional 265,902 shares during the period. RFG Advisory LLC raised its holdings in Boeing by 8.4% during the 4th quarter. RFG Advisory LLC now owns 2,712 shares of the aircraft producer's stock worth $480,000 after buying an additional 210 shares during the period. Impact Partnership Wealth LLC acquired a new stake in Boeing during the 4th quarter worth approximately $205,000. Finally, CX Institutional raised its holdings in Boeing by 23.7% during the 4th quarter. CX Institutional now owns 5,679 shares of the aircraft producer's stock worth $1,005,000 after buying an additional 1,089 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on BA shares. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Cowen reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. UBS Group raised their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

Boeing Price Performance

BA stock traded down $1.07 during midday trading on Tuesday, reaching $201.29. The company had a trading volume of 5,841,298 shares, compared to its average volume of 9,156,486. The company has a market capitalization of $151.77 billion, a price-to-earnings ratio of -10.99 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $209.66. The stock has a 50 day moving average price of $176.77 and a 200-day moving average price of $170.98.

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