EP Wealth Advisors LLC Sells 9,082 Shares of The Boeing Company $BA

Key Points

• EP Wealth Advisors LLC has reduced its stake in Boeing by 31.0%, selling 9,082 shares and now owning 20,210 shares valued at approximately $3.45 million.
• Director Mortimer J. Buckley and EVP David Christopher Raymond were involved in significant transactions, with Buckley purchasing 2,200 shares for about $497,420 and Raymond selling 3,771 shares valued at $867,103.74.
• Boeing's stock currently trades around $232.33, with a market cap of $175.68 billion, and it recently reported a significant revenue increase of 34.9% year-over-year, despite missing earnings expectations.

EP Wealth Advisors LLC decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 31.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,210 shares of the aircraft producer's stock after selling 9,082 shares during the period. EP Wealth Advisors LLC's holdings in Boeing were worth $3,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cigna Investments Inc. New increased its position in shares of Boeing by 3.3% during the 1st quarter. Cigna Investments Inc. New now owns 7,509 shares of the aircraft producer's stock worth $1,281,000 after purchasing an additional 237 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Boeing by 33.8% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 14,819 shares of the aircraft producer's stock valued at $2,528,000 after purchasing an additional 3,740 shares in the last quarter. One Wealth Capital Management LLC increased its position in Boeing by 93.5% in the 1st quarter. One Wealth Capital Management LLC now owns 2,955 shares of the aircraft producer's stock valued at $504,000 after acquiring an additional 1,428 shares during the period. Graham Capital Management L.P. grew its holdings in shares of Boeing by 8.3% in the 1st quarter. Graham Capital Management L.P. now owns 83,706 shares of the aircraft producer's stock worth $14,276,000 after acquiring an additional 6,400 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. lifted its position in shares of Boeing by 6.8% in the first quarter. Retirement Planning Co of New England Inc. now owns 16,582 shares of the aircraft producer's stock worth $2,828,000 after buying an additional 1,055 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 0.6%

Shares of Boeing stock traded up $1.28 during trading on Monday, reaching $230.89. The stock had a trading volume of 5,947,476 shares, compared to its average volume of 8,233,612. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company has a market capitalization of $174.59 billion, a price-to-earnings ratio of -13.99 and a beta of 1.48. The stock has a fifty day moving average price of $227.54 and a two-hundred day moving average price of $197.88.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Securities cut shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research report on Friday, June 27th. KGI Securities raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Boeing has an average rating of "Moderate Buy" and an average price target of $230.77.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares of the company's stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

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.