Caption Management LLC Sells 12,400 Shares of The Boeing Company $BA

Key Points

• Caption Management LLC reduced its stake in The Boeing Company by 55.9%, selling 12,400 shares and now holding 9,800 shares valued at approximately $1.67 million.
• Several institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., have increased their holdings in Boeing, indicating a positive sentiment towards the stock.
• The company's latest quarterly earnings report revealed a revenue of $22.75 billion, a 34.9% increase compared to the same quarter last year, though it reported a loss of ($1.24) EPS.

Caption Management LLC lessened its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 55.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,800 shares of the aircraft producer's stock after selling 12,400 shares during the quarter. Caption Management LLC's holdings in Boeing were worth $1,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust boosted its holdings in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC lifted its holdings in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC grew its position in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 112 shares during the period. Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at $33,000. Finally, Proathlete Wealth Management LLC bought a new stake in Boeing during the 1st quarter valued at $34,000. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Bank of America raised their price target on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. UBS Group set a $280.00 price objective on Boeing and gave the stock a "buy" rating in a report on Wednesday, July 30th. Citigroup restated a "buy" rating on shares of Boeing in a report on Monday, July 28th. Finally, Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and an average price target of $228.90.

Insider Activity at Boeing

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

Boeing Trading Down 0.6%

Shares of BA traded down $1.35 on Friday, reaching $229.40. 8,003,683 shares of the company's stock traded hands, compared to its average volume of 8,250,155. The stock's 50 day simple moving average is $227.24 and its two-hundred day simple moving average is $197.38. The stock has a market cap of $173.47 billion, a PE ratio of -13.89 and a beta of 1.48. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The business's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.90) EPS. Analysts forecast that The Boeing Company will post -2.58 earnings per share 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.