Blue Trust Inc. Has $1.42 Million Holdings in The Boeing Company (NYSE:BA)

Blue Trust Inc. cut its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,325 shares of the aircraft producer's stock after selling 4,104 shares during the period. Blue Trust Inc.'s holdings in Boeing were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi raised its holdings in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the period. KKM Financial LLC increased its holdings in Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after purchasing an additional 5,175 shares in the last quarter. Wynn Capital LLC acquired a new stake in shares of Boeing in the 1st quarter valued at about $584,000. Grant Private Wealth Management Inc bought a new stake in shares of Boeing in the fourth quarter valued at about $903,000. Finally, Winslow Asset Management Inc. lifted its holdings in shares of Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after purchasing an additional 3,096 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE:BA opened at $197.62 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80. The firm's 50-day simple moving average is $192.55 and its 200 day simple moving average is $178.01. The firm has a market cap of $149.01 billion, a price-to-earnings ratio of -11.03 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last announced 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 the consensus estimate of $19.57 billion. During the same period in the prior year, the business posted ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on 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 sale, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction 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 approximately $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 have sold 7,744 shares of company stock valued at $1,511,370 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Morgan Stanley set a $200.00 price target on shares of Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Finally, Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $209.85.

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.

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