Focus Partners Advisor Solutions LLC Lowers Stock Holdings in The Boeing Company (NYSE:BA)

Focus Partners Advisor Solutions LLC cut its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,079 shares of the aircraft producer's stock after selling 3,638 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Boeing were worth $1,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. First Heartland Consultants Inc. boosted its position in Boeing by 1.6% during the 4th quarter. First Heartland Consultants Inc. now owns 5,332 shares of the aircraft producer's stock valued at $944,000 after acquiring an additional 82 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its position in Boeing by 34.3% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 10,292 shares of the aircraft producer's stock worth $1,822,000 after acquiring an additional 2,627 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Boeing by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,841,432 shares of the aircraft producer's stock worth $502,933,000 after acquiring an additional 369,306 shares during the period. Waverly Advisors LLC lifted its position in Boeing by 43.0% during the 4th quarter. Waverly Advisors LLC now owns 17,253 shares of the aircraft producer's stock worth $3,054,000 after acquiring an additional 5,185 shares during the period. Finally, Woodline Partners LP acquired a new stake in Boeing during the 4th quarter worth about $40,624,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $204.35.

Boeing Stock Performance

Shares of BA stock traded down $0.13 during trading hours on Tuesday, reaching $202.24. The company had a trading volume of 1,909,570 shares, compared to its average volume of 8,642,335. The stock has a fifty day moving average of $176.77 and a 200-day moving average of $170.98. The company has a market capitalization of $152.49 billion, a price-to-earnings ratio of -11.03 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $209.66.

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 (EPS) 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 analysts' expectations of $19.57 billion. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned ($1.13) earnings per share. On average, analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,899 shares of the 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 completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company'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 transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% 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 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Boeing 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.