Chicago Partners Investment Group LLC Has $1.95 Million Holdings in The Boeing Company (NYSE:BA)

Key Points

• Chicago Partners Investment Group LLC reduced its holdings in The Boeing Company by 10.3% during Q1, owning 10,502 shares valued at $1.95 million after selling 1,209 shares.
• Boeing reported a quarterly loss of ($1.24) EPS, missing analysts' expectations, but its revenue rose 34.9% year-over-year to $22.75 billion.
• Analysts have a consensus rating of "Moderate Buy" for Boeing, with a price target of $228.90, amidst mixed ratings from various financial institutions.

Chicago Partners Investment Group LLC lessened its holdings in The Boeing Company (NYSE:BA - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,502 shares of the aircraft producer's stock after selling 1,209 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Boeing were worth $1,949,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Monetta Financial Services Inc. lifted its stake in Boeing by 3.7% in the first quarter. Monetta Financial Services Inc. now owns 8,400 shares of the aircraft producer's stock valued at $1,433,000 after buying an additional 300 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Boeing by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock valued at $715,979,000 after acquiring an additional 19,615 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in shares of Boeing in the 1st quarter valued at about $193,000. Primecap Management Co. CA raised its position in shares of Boeing by 17.9% in the 1st quarter. Primecap Management Co. CA now owns 376,420 shares of the aircraft producer's stock valued at $64,198,000 after acquiring an additional 57,120 shares during the period. Finally, Hemington Wealth Management boosted its stake in Boeing by 17.9% during the 1st quarter. Hemington Wealth Management now owns 567 shares of the aircraft producer's stock worth $96,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Up 1.0%

Shares of BA stock opened at $227.32 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company's fifty day simple moving average is $216.95 and its 200-day simple moving average is $190.20. The firm has a market cap of $171.89 billion, a PE ratio of -13.77 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. During the same quarter in the previous year, the business earned ($2.90) earnings per share. Boeing's quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. Citigroup restated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Benchmark reduced their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $250.00 price target on shares of Boeing in a report on Wednesday, July 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

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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