Diversify Advisory Services LLC Sells 1,282 Shares of The Boeing Company (NYSE:BA)

Diversify Advisory Services LLC lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 20.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,133 shares of the aircraft producer's stock after selling 1,282 shares during the quarter. Diversify Advisory Services LLC's holdings in Boeing were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $568,000. Alyeska Investment Group L.P. acquired a new stake in shares of Boeing during the 4th quarter valued at about $526,889,000. Finally, Zimmer Partners LP acquired a new stake in Boeing in the 4th quarter worth approximately $393,736,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing 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 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. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $729,151.99. Following the sale, the executive vice president directly owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by company insiders.

Boeing Stock Down 0.7%

Shares of NYSE:BA traded down $1.51 during mid-day trading on Friday, reaching $229.49. 5,968,167 shares of the stock were exchanged, compared to its average volume of 9,597,328. The company has a market cap of $173.04 billion, a P/E ratio of -12.81 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $233.61. The stock's 50 day simple moving average is $210.26 and its 200-day simple moving average is $184.78.

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 analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the prior year, the business earned ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of a number of research analyst reports. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Morgan Stanley upped their price target on Boeing from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, Benchmark cut their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.55.

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.