Daymark Wealth Partners LLC Sells 105,308 Shares of The Boeing Company (NYSE:BA)

Daymark Wealth Partners LLC trimmed its position in The Boeing Company (NYSE:BA - Free Report) by 94.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,196 shares of the aircraft producer's stock after selling 105,308 shares during the quarter. Daymark Wealth Partners LLC's holdings in Boeing were worth $1,057,000 as of its most recent SEC filing.

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

Insider Activity

In other 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 transaction of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Brendan J. Nelson sold 640 shares of the business'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 transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last quarter. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Cowen reaffirmed a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Redburn Atlantic raised shares of Boeing from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $275.00 in a research report on Friday. Finally, Jefferies Financial Group upped their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $215.77.

Boeing Trading Up 5.9%

Shares of NYSE BA traded up $11.98 during midday trading on Friday, reaching $214.56. The company's stock had a trading volume of 14,787,018 shares, compared to its average volume of 9,457,970. The stock has a 50 day simple moving average of $196.80 and a 200-day simple moving average of $179.54. The stock has a market capitalization of $161.78 billion, a price-to-earnings ratio of -11.97 and a beta of 1.43. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter 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, equities analysts anticipate that The Boeing Company will post -2.58 EPS 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.