Cerity Partners LLC Has $20.38 Million Stake in The Boeing Company (NYSE:BA)

Cerity Partners LLC trimmed its holdings in The Boeing Company (NYSE:BA - Free Report) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,472 shares of the aircraft producer's stock after selling 2,808 shares during the quarter. Cerity Partners LLC's holdings in Boeing were worth $20,376,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. American National Bank & Trust boosted its stake in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. REAP Financial Group LLC boosted its stake in 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 buying an additional 65 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in 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 acquired a new stake in Boeing in the 4th quarter worth about $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter worth about $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's 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 completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of Boeing stock traded up $0.59 during trading on Friday, hitting $226.68. The stock had a trading volume of 6,527,919 shares, compared to its average volume of 9,554,931. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $230.20. The firm has a market cap of $170.92 billion, a P/E ratio of -12.65 and a beta of 1.41. The business has a fifty day moving average of $206.14 and a two-hundred day moving average of $182.98.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating 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. During the same period in the previous year, the firm posted ($1.13) earnings per share. The firm's quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on BA. Royal Bank Of Canada reissued a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Jefferies Financial Group raised their price target on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. TD Securities lowered Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Finally, Susquehanna lifted their price objective on Boeing from $240.00 to $252.00 and gave the company a "positive" rating in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $216.32.

About Boeing

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.